Mick McCarthy will be officially unveiled as the new Republic of Ireland manager on Sunday, once he signs a two-year €2.4 million contract.

The FAI retain the option of two further years and McCarthy will earn a bonus should he gain qualification for Euro 2020 - the draw for which takes place next Sunday, 2 December, in Dublin's Convention Centre.

The association have confirmed a press conference will take place at 3pm Sunday in Aviva Stadium, where it is expected McCarthy will be unveiled before confirming long-time assistant Terry Connor as his number two and Robbie Keane as a member of his coaching team.

McCarthy's CV would suggest he will stay for more than the two years, results allowing, as he has a track record of committing long-term to projects.

Since his first stint as Ireland coach ended in 2002 he has had just three jobs in the intervening 16 years.

He took over a relegation-bound Sunderland in March 2003 before guiding them to the First Division play-offs in his first full season and winning promotion at a canter in 2005. He was fired in March 2006, with the Black Cats 16 points from safety.

In July 2006 he replaced Glenn Hoddle as Wolves manager, winning his second Football League Championship in 2009 and enjoyed two full seasons in the Premier League before being dismissed in February 2012 after over five years in the job.

McCarthy left his post at Ipswich voluntarily in March of this year after over five years in charge of the cash-strapped Championship side.

Since 2002 McCarthy has taken charge of 696 matches, with a win rate of 39.66%.