Sources tell me that Conan O’Brien’s deal to exit NBC is “very close” to being signed. “The lawyers are almost finished,” the source says.

The deal would likely allow O’Brien to finish his stint on “The Tonight Show” next Friday. After that, O’Brien will be free to negotiate a deal elsewhere. Although a deal with Fox remains a question mark, another source close to the situation did concede, “Kevin Reilly loves Conan.”

Contrary to fevered reports, no agreements have been signed.

Stay tuned.

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Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. His movie reviews are carried by Rotten Tomatoes, and he is a member of both the movie and TV branches of the Critics Choice Awards. His articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. He is also the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.

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