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Wales have struck a deal with Ryan Giggs which will see him named as Chris Coleman's successor on Monday afternoon.

The FAW are to hold a press conference at 2pm to unveil Giggs as their new manager.

We understand he has landed the job despite Craig Bellamy giving what is being dubbed 'a Hollywood interview' which made the final decision the tightest of calls.

Bellamy is said to have wowed the FAW's seven-man panel conducting the new manager hunt with a hugely impressive Powerpoint presentation demonstrating his vision for Welsh football. He is also reported to have received support from dressing room superstars Gareth Bale and Aaron Ramsey.

However, Giggs was given the nod by a narrow margin and FAW chief executive Jonathan Ford was negotiating with the Wales and Manchester United legend over the weekend to nail down the terms of the contract.

(Image: PA)

Giggs has been accustomed to multi-million pound contracts throughout his glittering playing career, but has had to accept a vastly reduced salary to agree to take over as Wales boss. The figure is likely to be close to the £500,000 mark, which would still make him the highest paid manager in Wales' history.

Two men who made their names as Wales number twos, Chris Coleman's assistant Osian Roberts and Mark Hughes' deputy Mark Bowen, were also interviewed.

However, the choice seems to have boiled down to Giggs, who also presented his way forward for Wales, or Bellamy.

Significantly, FAW President David Griffiths threw his weight behind Giggs, who Wales have wanted as their manager on two previous occasions. This time they have landed their man, giving Giggs his first full-time job as a manager.

Griffiths and the FAW's four-man group of officers are using plenary powers to rubberstamp the appointment, avoiding the need to wait until the next full meeting of the 34-person ruling council on February 13.

Giggs stayed in a five-star Cardiff hotel on Sunday night, after meeting with Ford to dot the i's and cross the t's. He will be unveiled to the Welsh media at the Monday afternoon Press conference.

The FAW went with Giggs because they feel he has the gravitas and winning mentality to take Welsh football forward, having been part of the Manchester United dressing room for two decades.

The interviews took place in the Birmingham area last Thursday afternoon and Giggs was spotted beforehand in a Sutton Coldfield cafe working on his laptop for two hours.

He used the time at Kitsch Kitchen in the town’s High Street to fine tune his presentation to the FAW. Although Giggs was happy to have selfies taken with diners and staff, he did not answer questions about why he was in the area, saying only it was for 'a meeting.'

A report in a London newspaper claims Wales' senior players were canvassed for their opinions. They are said to have been supportive of Giggs, but were also happy for Bellamy to become manager.

Former Wales boss Coleman said he would staunchly support either Giggs or Bellamy, but took a swipe at Bowen's surprise 11th hour attempt to succeed him in the hot-seat.

Remembering Bowen's analysis as a television pundit during his six years as manager, Coleman said sarcastically: "Bowen should do well, as I remember when I was the manager and he was talking on TV he had every one of the answers after the game."

Coleman continued: "I shared a dressing room with Ryan and he is a great fellow, a top fellow. It's hard to call whoever gets it.

"But being a Welshman myself they will have my support whoever gets it. I couldn't tell you who is going to get it as I don't know, but with my six years in that job I know my way around the international track.

"If anybody wants to talk to me about my experience they can, 100 per cent."