Mixu Paatelainen will soon be leaving Dundee Utd with discussions over a financial package for his departure under way, BBC Scotland has learned.
The manager remains an employee of the club for the moment, but chairman Stephen Thompson made no mention of the Finn in a statement to fans on Tuesday.
The pair had a 25-minute meeting at the training ground earlier in the day.
United’s relegation to the Championship was confirmed on Monday. Paatelainen’s contract runs until the summer of 2018.
Raith Rovers manager Ray McKinnon has already been installed as favourite to succeed the former United striker.
But the Championship club have made it clear they will not welcome an approach for the former Terrors midfielder, at least while the club is involved in the Premiership play-offs. They face Hibernian in the first leg of their quarter-final on Wednesday.
“Ray is under contract and is the Raith Rovers manager,” chief executive Eric Drysdale told The Herald. “That is the way we want it to stay. We will not entertain any approach at the moment.”
United chairman Thompson apologised “unreservedly” to fans on Tuesday, promising “radical changes” in the “near future” to try to ensure a swift return to the top flight.
Former Finland boss Paatelainen, 49, replaced Jackie McNamara in mid-October, signing a two-and-a-half year contract.
United were bottom of the table at the time of his arrival after just one win in their first 10 Premiership outings.
But Paatelainen, who had previous spells in charge at Hibernian and Kilmarnock, has overseen just five wins in 25 Premiership matches, culminating in Monday’s 2-1 defeat at city rivals Dundee, which sealed their relegation fate.