Allardyce is set to hold talks with Everton owner Farhad Moshiri, where his future will be decided.
Moshiri is expected to reach a settlement on the final year of Allardyce’s contract, before making a move to appoint his successor.
The 63-year-old replaced the sacked Ronald Koeman on an 18-month contract in November.
Everton are expected to replace Allardyce after just six months in charge, with former Watford boss Marco Silva the main candidate for the role.
