Australian Eddie Jones is set to become England's new coach, according to British media reports.

The 55-year-old will be in place when England kick off their Six Nations campaign next February after the Rugby Football Union agreed £100,000 ($153,000, 143,000 euros) compensation with his current team, the Stormers in South Africa, according to the Daily Express and Daily Telegraph.

Stuart Lancaster left the post last week following England's disastrous World Cup campaign on home soil.

Former Australia and Japan boss Jones fulfils the criteria of a coach of “proven international experience,” which RFU chief executive Ian Ritchie said would guide his search.

Jones was Australia's coach when they lost the 2003 World Cup final to England and four years later was a member of South Africa's backroom staff when they became world champions.