Steve Hymas has resigned as AFC Mansfield chairman to take up a place on the board at Mansfield Town.
Mr Hymas is currently in talks with Stags chairman John Radford and is expected to return to the board of directors to take over responsibility for youth team affairs.
Mr Hymas said: “The club has asked me to go back on board there, I have agreed to go back and now it just needs to be ratified.
“I am a life-long Mansfield Town fan, as was my dad, and I am delighted to be back involved, the club is part of my life.
“I am going with the purpose of expanding the youth set up, which myself and Mark Hawkins originally started.
“The youth set up has moved on since then and we want to move it on further.
“Adam Murray is a forward-thinking manager and we are looking to provide him with a fresh crop of players.
“Jack Thomas and Liam Marsden have come through and there is talent out there to progress to the first team.”
The move represents a dramatic u-turn and could bring an end to the ongoing legal dispute between Mr Radford and Mr Hymas over a £1m loan made to Mansfield Town by Mr Hymas.
Mr Hymas added: “We are currently in talks over the outstanding money. There is the option to convert that into shares in the club.”
A Mansfield Town spokesman said: “Former director Steve Hymas is currently in talks with Mansfield Town chairman John Radford about a potential return to the board of directors at One Call Stadium, the club can confirm this morning.”
Mr Hymas originally joined the Mansfield Town board in January 2010.