Interim England boss Gareth Southgate is expected to be named permanent England manager this week, perhaps as soon as today, and he is expected to retain most, if not all of his current staff, including Chelsea assistant first-team coach Steve Holland, who's been helping out Southgate on a part-time basis since 2013. Southgate's contract is expected to run through the 2018 World Cup in Russia.
Over the past couple weeks we've heard several variations on how this might happen or whether it would happen at all in the first place, but now, according to the Daily Mail, England and Chelsea have managed to reach a compromise that will satisfy all parties involved (and maybe even Spurs, too).
So, Steve Holland will be joining Southgate on a part-time basis, turning into a full-time job in the summer. Until then, Holland will continue to split duties between England and Chelsea. England only have two games during that time anyway, in the March international break.
Holland has been one of the longest-serving members of the Chelsea coaching staff, joining the club in 2009 and getting promoted to assistant by Andre Villas-Boas in 2011. Allowing him to stay on with Chelsea should allow for a smooth transition without the potential disruption of coaching changes in the middle of a season (it didn't exactly work out great the last time we lost an assistant halfway through a season in Ray Wilkins).