According to French broadcaster RMC Sport, Henry will take over at Bordeaux, who have picked up zero points from their opening two Ligue 1 fixtures.
Henry, who enjoyed a stellar club career with Arsenal and Barcelona, and has been working as assistant coach of the Belgian national team, will replace former Uruguay international Gus Poyet who was recently suspended after he criticised the club's transfer policy at a press conference.
Following the sacking of Poyet, former Arsenal manager Arsene Wenger confirmed that Henry who won the 1998 World Cup with France wanted to take his first step into management at Bordeaux.
'Yes, he wants to do it, he is intelligent and he has the qualities,' Wenger told Corse-Matin.
'The existential question that we always ask ourselves is whether we are ready to sacrifice our life for the coaching profession.
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