Bayern Munich will make an announcement about the future of coach Carlo Ancelotti later on Thursday.
The board met in the wake of the side's 3-0 Champions League defeat by Paris St-Germain on Wednesday.
Advertisement
The 58-year-old Italian replaced Pep Guardiola at the start of the 2016-17 season.
Ancelotti helped Bayern win the Bundesliga, but the club only managed to reach the last eight of the Champions League.
They also failed to reach the DFB Pokal final after a 3-2 defeat by Borussia Dortmund.
Advertisement
Ancelotti has won the Champions League three times as well as league titles in Italy, Spain, England and Germany.
Source: bbc.com