Gareth Southgate has agreed to a 30% pay cut in one of a number of measures to be taken by the English Football Association due to the coronavirus pandemic.
The FA are expected to announce the news next week but it has been reported that Southgate has agreed to the revised terms.
The England senior manager is reportedly paid approximately £1.5 million per year.
"The financial implications of the coronavirus are not yet known however, as a not-for-profit organisation, we want to ensure that we take the appropriate course of action to support the wider organisation and our employees," an FA spokesman told Sky Sports News.
"We will make a further announcement on our next steps in due course."
The former Middlesbrough boss first took the reins of the England senior men's team on a temporary basis after the resignation of Sam Allardyce in September 2016.
He signed a four-year contract two months later and became national hero after guiding the team to the semi-finals of the 2018 World Cup.
The 49-year-old spoke out last month in support of NHS staff in the UK last month.
"Life is very different for us all at the moment and sport rightfully stands aside to support a more important cause during these unprecedented times," said Southgate.
"We were supposed to be welcoming Italy and Denmark to Wembley Stadium in the coming days but football is insignificant as we are all in the midst of a global battle.
"Now is the time for sport to come together, speak with one voice and be united behind a very clear message: stay at home, protect the NHS and save lives."
The news of Southgate's pay cut comes at a time when players in England are coming under pressure to do the same as the game remains on hold.
A statement released by the players' union, the PFA, on Saturday says top-flight players "fully appreciate their role and responsibilities in society" and want to ensure their contributions help to guarantee non-playing staff at Premier League clubs receive "100 per cent" of their wages while the season is postponed.
Meanwhile Liverpool became the fourth Premier League club to place non-playing staff on furlough, taking advantage of the UK government's scheme which will pay 80% of their wages.