Watford have agreed in principle for Saracens to play five matches at Vicarage Road next season.
The Premiership rugby club are moving to Copthall Stadium in February but want to stage games at Watford between November and January.
The Hornets released a statement which revealed the agreement has yet to be approved by the club's executive management team.
Confirmation of the tenancy extension agreement is likely to be announced within the next week.
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