MirrorFootball has confirmed with the club that Allardyce will soon be unveiled as boss of the national team.
A fee around £3m is believed to have been agreed between the parties.
An FA announcement is expected later on Friday.
Sunderland negotiated fiercely for a strong compensation package after it became clear they would be losing their manager, who had one year left on his contract, 21 days out from the start of a new season.
Allardyce reported to the Academy of Light on Thursday and Friday, but didn't take training.
The former Sunderland boss held talks last week over replacing Roy Hodgson following on from the Euro 2016 debacle.
Allardyce, who was pictured leaving FA chief David Gill's home last week, and has left the Black Cats after nine months in charge.
Sunderland confirmed last week they had given the 61-year-old permission to speak to the FA insisting they wanted the matter resolved as soon as possible.
Allardyce left Sunderland's pre-season tour of Austria last week to hold talks with Gill, who was part of the three-man panel tasked with finding Hodgson's replacement.
He took charge of the team for the final time on Wednesday night leaving the dugout at half-time of a pre-season friendly with Hartlepool.
The Black Cats denied a deal for Allardyce had been struck, despite having already held talks with David Moyes about taking charge at the Stadium of Light.
"Naturally we are aware of the intense media speculation this evening, however, at the present time Sam Allardyce remains Sunderland manager," read a club statement.
"We share in the anger and frustration of our supporters and would like to assure them that we are working to conclude the matter in the best interests of Sunderland AFC."
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