Reading are keeping tabs on Leyton Orient defender Elliot Omozusi, Sky Sports understands.
Sky Sports understands QPR are in talks with Juventus about a move for Chile international Mauricio Isla.
The 44-year-old, who had been working at Leeds University, will take the reigns of the club who were this season promoted to Norway's top flight.
"I am looking forward to putting my stamp on this job," Deane told the club's official website.
Deane won three caps for England and is famous for scoring the first goal in the history of the Premier League.