The 63-year-old was due to meet with major shareholder Farhad Moshiri at some stage this week where it was expected he would be informed that he will not be retained beyond the end of the current season.
This will be music to the ears of Everton supporters who for one reason or another do not believe the one-time England boss is good enough for them.
When asked about his future on Monday, Allardyce told Sky Sports News: "It's my job to turn that around".
According to reports, Allardyce will receive a £6 million pay-off from the Premier League club.
"They will continue to make it up stories that we've had a row and he has walked out on me".
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I didn't really have to do anything, I could sit in the wheels and save energy". "I thought OK, this is my moment". Yates added: "It was a insane day with lots of attacks going at the beginning".
"The season has finished, I'm going to have a meeting with (owner) Farhad (Moshiri) this week and then I'm going on my holidays".
Silva's possible arrival at Everton is complicated by the fact he is still involved in a wrangle with Watford over compensation for his dismissal. A statement from the club at the time blamed an "unwarranted approach by a Premier League rival" for Silva as being the catalyst for the destabilisation of his tenure.
ESPN led with claims from their sources that Allardyce would be leaving Everton later this week and that was followed by corroborating suggestion by Andy Hunter which will be on the back page of tomorrow's print edition of The Guardian.
"Whenever the board tell me what they want to do then I'll know".
Fans have already grown tired of the lack of direction of the new regime following years of stability if not financial muscle, and Moshiri knows he can make no more mistakes with his next appointment.