Coventry City have agreed a deal to play at Northampton Town's Sixfields Stadium for the next three seasons, BBC Coventry & Warwickshire reports.
The Sky Blues will no longer play at the Ricoh Arena, despite an offer from the stadium's owners to allow them to do so rent-free next season.
The move still needs approval from the Football League.
What becomes of the Ricoh? Arena Coventry Limited director Peter Knatchbull-Hugessen told BBC Coventry & Warwickshire: "We've been working on contingency plans.
"It is a fantastic resource and there are other people who would love to use it."We haven't taken those discussions forward perhaps as we could, as we've always said our first goal was Coventry City playing football in Coventry, at the Ricoh."
Northampton chairman David Cardoza said: "There's some legs in this, but it's not near done and dusted." Talking to BBC Radio Northampton, he added: "As soon as it is or isn't I will let everybody know.
"It's speculation at the minute, but we'll see where this goes. I'm a little bit surprised about some of the stuff that's been said."
Coventry are yet to comment on the arrangement, which is expected to be discussed by the Football League on Thursday.
The deal would see City pay the Cobblers to hire the ground, which is a 34-mile drive from the Ricoh Arena, on matchdays.
About 100 Coventry fans protested against the club moving out of the city last week.
When both sides are scheduled to play at home on the same day, the Cobblers would have preference and Coventry would have to play on a different day.
The first fixture clash occurs on Saturday, 10 August, when the Sky Blues are set to host Bristol City and the Cobblers face Newport.
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