Fulham are continuing talks with Alvaro Arbeloa over becoming their new manager.Discussions have taken place over a three-year contract and the make-up of his backroom team as the former Liverpool defender prepares to cut his teeth in Premier League management.The 43-year-old is considered the favourite to succeed Marco Silva but Fulham also have another candidate they are speaking to.Arbeloa was replaced as Real Madrid coach by Jose Mourinho, having been promoted from within to settle a divisive dressing room that had imploded under previous boss Xabi Alonso. Arbeloa managed Real Madrid on an interim basis at the backend of last season Xabi Alonso and Alvaro Arbeloa played together at Liverpool and could come face to face on the opening weekend of the Premier League seasonAlonso and Arbeloa, teammates at club and international level previously, could come face to face for their first Premier League game of the season on August 24 as Fulham take on Chelsea.Fulham also need a manager in place as they face the prospect of bringing in several new players, and Arbeloa has already been asked his opinion on some options who have been identified.Fulham had also considered Kieran McKenna among other candidates, but he would still be costly at £7.5m compensation after leaving Ipswich to take a break.Gary O’Neil, meanwhile, says it is an honour to become the new manager of the Tractor Boys.The 43-year-old will lead the club back in the Premier League after being confirmed as their new boss today. O’Neil has signed a three-year deal as McKenna’s replacement.O’Neil, who had been coaching Strasbourg since January, said: ‘It is an honour to be appointed manager of this great football club.’I have followed the progress the club has made over the last few years closely and to now have the opportunity to lead Ipswich Town in the Premier League is something I am hugely excited by. Gary O’Neil has been in charge at Strasbourg since January, when he replaced Chelsea-bound Liam Rosenior’There is a strong vision and ambition at this club and I am fully aware of the responsibility that brings, given how much it means to its supporters and to the community of Ipswich and Suffolk.’We all know the challenge ahead as we prepare for the season together and I’m excited to meet everyone and get to work.’O’Neil guided Strasbourg to eighth in the French league last season after taking over from Rosenior who had also pitched for the vacancy at Portman Road.Having replaced Rosenior, O’Neil took Strasbourg to the semi-finals of the Coupe de France and the UEFA Europa Conference League. He was the first Englishman to take a team to a European semi-final since Roy Hodgson with Fulham.O’Neil previously managed at Bournemouth and Wolves.Ipswich retain a £7.5m compensation clause on McKenna should he be appointed manager elsewhere in the next 12 months.Strasbourg, meanwhile, have begun the search for a new coach, looking for a profile of someone who will understand and develop young talent.