Burnley have confirmed that manager Owen Coyle has held talks with Bolton Wanderers regarding the vacancy at the club left by Gary Megson.
Bolton sacked Megson last week after two years and two months in the job, and former Trotters striker Coyle was quickly installed as the frontrunner to replace him.
A statement on Burnley's official website read: "Burnley Football Club can now confirm that manager Owen Coyle has held discussions with Bolton Wanderers FC over the vacant manager's position at the Reebok Stadium.
"Burnley Football Club chairman Barry Kilby will now meet with Coyle to discuss his future at Turf Moor.
"This will take place following Coyle's return from Scotland tonight (Monday).
"Burnley Football Club will not make any further comment at this time."
Coyle turned down a job offer from Celtic in the summer soon after steering the Clarets back up to the top flight, after an absence of 33 years, via the play-offs.
He also ruled himself out of the running to take over as manager of Scotland as recently as last November.
However, it seems that the chance to return to the club where he enjoyed immense popularity as a player during his time at Burnden Park between 1993 and 1995 has proved too much, despite the Trotters currently lying in the relegation zone, four places behind Burnley.
Bolton are said to be readying a £4 million compensation package for their Lancashire neighbours.