Eymael arrived in South Africa at the start of last season and signed a two-year deal with Rise and Shine.
But his relationship with Mogaladi soured after the club suspended striker Thobani Mncwango for comments made to the media, and Eymael was not happy to be without the influential hitman.
Eymael then resigned on March 9, and the following day he was appointed as Bloemfontein Celtic's coach. However, Polokwane launched an appeal with the PSL and the league ordered a reluctant Eymael to return to City.
While back on speaking terms, Mogaladi has made it clear he doesn't want Eymael at his club next season but is seeking compensation for the year left on the Belgian's contract.
Eymael believes common ground will soon be found.
"I'm very close at finding a mutual agreement for separation with Polokwane City and we are just waiting for the papers," Eymael tells KickOff.com.
"And I'm ready to pay the settlement from my own pocket to stay in South Africa.
"I'm ready to move on with my life and I still want to coach in SA as I have said, but firstly I have to pay Johnny Mogaladi from my pocket."
Eymael recorded six wins, 11 draws and five losses at the helm of City, who finished a best-ever sixth in the league in 2016/17 under caretaker coach Bernard Molekwa.