Former Coventry City Player/Manager Terry Butcher is being allowed to talk to Hibernian about becoming their new manager.
Butcher, who has been manager of Inverness Caledonian Thistle since 2009, is out of contract at the end of this season.
"Terry has been informed of the situation and has expressed an interest in meeting with Hibs officials," said ICT chairman Kenny Cameron told BBC Scotland.
"The club has, with great reluctance, granted him permission to do so. We will, however, continue to do everything possible to ensure that Terry remains our manager.
"Given our current position in the SPFL and the fact that once again we have a cup semi-final to look forward to, it is inevitable that if any managerial positions arise, our manager will be on the wanted list.
"We have a game on Saturday and it's important that our club's focus is on taking three points to maintain our challenge at the top of the league.
"As with the Barnsley approach in January, we will be making no further comment until we're fully aware of the outcome of discussions."