Burnley will delay making an announcement on the future of boss Owen Coyle until late on Tuesday after the Scot held talks with Bolton Wanderers.
The 43-year-old met Burnley chairman Barry Kilby on Monday night to discuss whether he will complete a move to the Reebok Stadium or remain at Turf Moor.
Bolton, who lie 18th in the Premier League, are looking for a new manager after sacking Gary Megson last week.
If Coyle decides to head for the Reebok, Bolton will be required to pay Burnley compensation in the region of £3m.
A statement from Burnley on Monday said: “Senior Burnley Football Club officials have, on Monday evening, held detailed talks with first team manager Owen Coyle over his future at Turf Moor.
“As a result of these talks over Coyle’s future with his current employers, both parties have decided to take a further 24 hours to digest the information shared before making any further announcement.
“There will be no further comment during this time from Burnley Football Club or Owen Coyle.”
Having played for Bolton between 1993 and 1995, Coyle would be a popular appointment with fans, who frequently criticised Megson for what they perceived to be his negative tactics.
During his time Burnley, Coyle has transformed the fortunes of the club, overseeing their promotion to the top flight for the first time in 33 years.