The World Cup winner is set to join the Qatari side Al Rayyan as head coach, four and a half years after he left PSG.
made a surprise return to club management as boss of Qatari side
, former France and PSG manager resuming dugout duties after a four-year hiatus.
Blanc has taken a long break from the stresses of club management.
A 1998 FIFA World Cup winner as a player with France, Blanc later coached the national team after a spell in charge at Bordeaux which he led the club to title glory in 2008-09.
He then spent three seasons as PSG boss before departing at the end of the 2015-16 season, despite leading the Parc des Princes giants to two domestic trebles and a double.
Al Rayyan have tempted the 55-year-old back into action and have signed him on an 18-month contract.