As first reported by 3AW’s Caroline Wilson, Shaw was interviewed for the role this week and will sign a three-year deal.
The 37-year old has impressed since taking over the top job from Brad Scott in round 11, leading the Roos to four wins from seven games.
“My understanding is Rhyce Shaw is on the verge of signing a three-year deal to become the senior coach of North Melbourne,” Wilson said on 3AW Football.
“This is a massive story from where the North Melbourne Football Club was in May.
“I think the agreement is two years with an option for a third.
“I hope the fact he’s going to come a little bit cheaper than Brad Scott and a lot cheaper than John Longmire means they’re going to bolster the support around him in the football department.
“This review they talked about doing has clearly not been a review at all.
“One of the positions have been filled and I think we’ll hear about the (appointment) in the next few weeks.”