Texas men's athletics director Steve Patterson issued a statement Tuesday afternoon saying that a decision regarding Mack Brown's future has not been made yet.
"We continue to discuss the future of Texas Football," Patterson said. "Mack Brown has not resigned. And, no decisions have been made."
A report by Orangebloods.com said that Brown, who has served as the Longhorns head football coach for the past 16 years, was planning on stepping down. Texas has since denied the report.
The University of Texas Board of Regents is scheduled to meet Thursday, with the most notable item on the agenda being a discussion about the employment of school president Bill Powers.
Horns247 reported Tuesday that a decision on whether Brown would return next season would be made within 48 hours while ESPN reported hours later that the Regents' meeting concerning Powers' employment could impact Brown's job security as well.
Brown, 62, is the second-winningest coach in Texas history, behind only Darrell Royal. He has posted a 158-47 record since taking over at UT in 1998, winning two Big 12 titles and one national championship.