Everton chairman Bill Kenwright has revealed that a deal is not yet done to take David Moyes to Manchester United as Sir Alex Ferguson's replacement and that any decision will be solely down to the manager.
Kenwright also confirmed that Moyes will remain in charge of Everton for their Premier League game against West Ham on Sunday.
"I don't know about a deal being done. David had a meeting scheduled with me and we had a good meeting," Kenwright told Sky Sports News. "I think at the end of the day, David's contract is up in six weeks' time and he has a right to make his own decisions. He's served this club wonderfully well and he has a right to make his own decision."
Moyes, who is out of contract this summer, is expected to take charge of Manchester United following the news of Sir Alex Ferguson's impending retirement. He has repeatedly refused to commit his future to Everton, saying talks would take place at the end of the season. Speculation on his situation increased when he was seen with Kenwright in a pre-arranged meeting in London on Wednesday evening.
He is now expected to bring his 11-year reign to an end with reports in the Daily Telegraph that Moyes' appointment at Old Trafford will be made public within 24 hours.
Wigan manager Roberto Martinez, Swansea's Michael Laudrup and Celtic boss Neil Lennon have already emerged as early candidates for the job at Everton.
Speculation over Moyes' future has grown over the season. He declared in February that he wanted to use his team's performance over the final three months of the season to help him decide whether to stay on at Goodison Park. All attempts to question him on his future after that were met with the response that he would make a decision at the end of the season.
A long-time friend of Ferguson, Moyes was a candidate to become his assistant at Old Trafford after Brian Kidd vacated the role to become manager of Blackburn in December 1998.
The two men met to discuss the role, and Moyes - then in charge of Preston - was interested in making the move, but after nearly two months of deliberation Ferguson instead decided to bring in Steve McClaren, then Derby's first-team coach, at the start of February 1999.
McClaren said on Wednesday evening that he believes Moyes is the right man to replace Ferguson.
The former England manager told BBC Radio 5 live: "He's a winner and has a work ethic similar to Sir Alex. He's also built a dynasty and legacy at Everton. He's waited many years for this opportunity and I hope he gets it."
Real Madrid coach Jose Mourinho, meanwhile, whose tenure at the Estadio Santiago Bernabeu is almost certain to end this summer, is not understood to be in the running, with a return to his former club Chelsea more likely.
ESPN has learned that there is "virtually no chance" of Mourinho taking over this summer. High-placed sources at both Chelsea and Old Trafford state that there has been no change in the Portuguese coach's plans to reclaim control at Stamford Bridge, despite reports that Roman Abramovich is balking at paying Real Madrid's buy-out clause.
The timing of Ferguson's retirement had led to speculation that the path had been cleared for Mourinho but ESPN understands there has been minimal contact over any such succession.
Furthermore, United have been working on the framework of the succession for some time, which would jar with a sudden left-field move - relative to the circumstances - for Mourinho.
Moyes began his managerial career with Preston in 1998, leading the club to the second tier in his second year in charge, before succeeding former Manchester United assistant manager Walter Smith at Goodison Park in 2002.
His time with Everton has not resulted in silverware, but he led the club into the top four in 2005 as well as finishing runners-up in the FA Cup in 2009. He shares with Ferguson the record for LMA Manager of the Year awards, earning the accolade in 2003, 2005 and 2009.