North Melbourne are set to announce a new coach within the next two to weeks after mutually parting ways with former coach Rhyce Shaw, reports SEN's Sam Edmund.

Edmund has revealed that the Kangaroos have narrowed down their initial list of 30 potential coaching targets down to 10.

They club is likely to start the interview phase in the coming week and expected to announce the coaching panel before then.

Former Melbourne Demons coach Paul Roos will reportedly join the club and play a role in forming the panel.

Shaw was initially contracted for two seasons with a trigger of a third year in 2022 if he met criteria, however, the deal has been cut short after only coaching 29 games for the Roos.

Chief executive of North Melbourne, Ben Amarfio, is creating a selection committee with big club names - such as Glenn Archer and Brandy Rawlings - in order to find the right fit for coach in 2021.

The Roos are in rebuild mode after a bleak 2020 season, already delisting 11 players and axing most of their coaching panel.