The 52-year-old joins the club four days after the departure of Leonid Slutsky following a run of just four wins from the Tigers’ 20 Championship games this season.
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The Nigerian has struggled to break into the Hornets’ side since he was signed for a then club record fee last summer and looks set join the recently-relegated Tigers.
Success has emerged on Hull’s radar with the Nigerian international currently down the pecking order at Vicarage Road.
The Tigers’ odds of recruiting the Nigeria international have been slashed to 3-1 with various bookies, placing Hull at the top of the market ahead of West Brom and previous favourites Fenerbahce.