Danny Cowley is in talks with Sheffield Wednesday regarding the Owls’ managerial vacancy, according to The Daily Mail.
The newspaper claims that Cowley has already turned down the chance to take charge of Wednesday’s Championship rivals Huddersfield Town, after agreeing a compensation figure of £1 million for the Lincoln City boss and his brother, Nicky.
The pair were reportedly offered £1.5m-a-year to lead the Terriers – an increase of around £1.1m.
The Daily Mail cites timing as the reason for the Cowleys’ rejection of Huddersfield, and it remains to be seen whether Sheffield Wednesday can tempt them to Hillsborough.
The duo, who began their coaching careers in non-league football, are also said to have snubbed approaches from West Brom and Hull City earlier this year.
Sheffield Wednesday have been without a permanent manager since Steve Bruce quit to join Newcastle United in mid-July.
And despite a bright start to the campaign under their interim boss, Lee Bullen, the Owls have now lost three of their last four league games.