James Franklin has been the subject of speculation amid a wild year for coaching changes.
On Tuesday, ESPN's Adam Rittenberg reported that Penn State is looking to sign Franklin to an "enhanced" deal.
The university has formed a Board of Trustees subcommittee on compensation that will meet on Tuesday at 3:45 p.m. ET. The expectation is that Franklin's deal will be on the agenda, according to PennLive.
He certainly didn't erase speculation about a contract extension with his comments on Tuesday.
"I was hoping that I’d be able to have a conversation with you guys at this stage, but I don’t have anything new to report at this time.