Rafael Benitez is set to hold talks with his agent on Thursday to discuss the Spaniard's possible exit from Anfield.
The Liverpool manager has been the subject of intense speculation that he was to leave the Barclays Premier League club.
Benitez's agent kept quiet over the exit talk on Wednesday but was believed to be meeting his client on Thursday to talk about a proposed payment to end his contract.
Benitez experienced a dismal 2009/10 season as his team finished only seventh in the Premier League and suffered early exits from the Champions League, FA Cup and Carling Cup.
According to several reports, Liverpool made Benitez an offer to walk away from the club, however there has been no official confirmation.
Agent Manuel Garcia Quilon told Press Association Sport: "We don't know anything more than what's being said. We're not saying anything."
Benitez, 50, signed a five-year contract in March 2009.
He joined Liverpool in 2004 after a successful spell with Valencia and led the club to Champions League victory in his first season, however the Premier League title has been elusive and Benitez's team were unable to build on a second-placed finish in the 2008/09 season.
The former Valencia manager has recently been linked with the vacancy at Inter Milan, following Jose Mourinho's move to Real Madrid.
Liverpool refused to comment on the reports that Benitez was nearing the end of his spell at Anfield, after six years at the helm.
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