Chris Hargreaves will not be returning to Sixfields as the new manager of the Cobblers - as he has been appointed boss of Town’s Sky Bet League Two rivals Torquay United.
The former Cobblers midfielder was the early favourite to replace Aidy Boothroyd in the Sixfields hot seat, and was interviewed for the position on New Year’s Eve.
But following Torquay’s sacking of Alan Knill last week, Hargreaves - a former Gulls captain - was also targeted by the Plaimoor club to take control.
Hargreaves, who still lives in Devon, has opted to leave his role as first team coach at Championship club Bournemouth to take the reins at the club second bottom in the Football League.
The 41-year-old spent three years as a player at Torquay and made more than 100 appearances, helping them back into the Football League in 2009 and scoring in the 2-0 play-off final win over Cambridge United at Wembley.
Torquay are currently 23rd in League Two, with just five league wins all season, one place and one point above the Cobblers.
The Gills have called a news conference for 2pm tomorrow to officially announce Hargreaves’ appointment as manager.
Hargreaves’ first game in charge of Torquay will be Saturday’s trip to mid-table AFC Wimbledon, before his first home game in charge the following week - against the Cobblers!