New England Patriots offensive coordinator Bill O'Brien will be the new head coach.
O'Brien is in his first year as the Patriots offensive coordinator. He has also been Tom Brady's quarterback coach since 2009.
Paterno roamed the Penn State side lines for nearly six decades until the aftermath of sex abuse charges against former defensive coordinator Jerry Sandusky cost him his job.
Penn State will not make the hiring official until Saturday. O'Brien will continue with his duties with New England throughout the playoffs.