Chelsea-Mad revealed earlier today of the deal and the official club website has now caught up.
They state they now want the Russia boss on a temporary basis until the end of the season.
Hiddink has said that he will not walk out on Russia but will take the job on a part-time basis.
My understanding is that Chelsea wanted Hiddink on a full-time role and allow him to manage Russia as a part-time role - a move rejected out of hand by Hiddink.
So they have given in and decided that a couple of months of Guus is better than none.
The deal is expected to be announced at the latest tomorrow morning but a deal could be on the cards by late tonight.