Scott reportedly agonised over the career-decision but decided that he has the desire to return to AFL coaching after a three-year hiatus.
Although the role at the Bombers would be at the expense of his current job as the AFL operations boss, he has the league's blessing.
Brad Scott firms as the favourite for the position due to his experience and success as a senior coach, according to Triple M's Tom Browne.
"I believe, this is a prediction that Brad Scott will be announced as the Bombers coach by the end of the week," Browne told Triple M.
"He has to meet with them in the coming days … As soon as tomorrow, Brad will ramp up talks with the Bombers.
"Given his 211 games experience as senior coach, his 106-105 record – better than 50 per cent, I think it’s attractive for the Bombers.
"It’s my view that he will be announced as the Bombers coach by the end of the week."