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Former Bournemouth boss Eddie Howe had been tipped to take over from Neil Lennon at Celtic but those plans look to have been scrapped.
The Glasgow giants lost their grip on the Scottish Premiership this season following nine consecutive titles, with Steven Gerrard guiding Rangers to the title unbeaten.
While John Kennedy was tasked with steading the ship after Lennon's departure, the club have been on the lookout for a new boss for months.
Howe was seen as a front runner, but those talks look to have broken down – with Celtic now closing in on an alternative new coach.
The Mail have reported that talks have broken down, with the Hoops closing in on another potential boss as they look to wrestle control back from their bitter rivals.
The report adds that the 43-year-old did have talks with Celtic's major shareholder Dermot Desmond, but they were not successful.
That comes after the club released a statement on season ticket renewals, adding that they plan to 'finalise the appointment of the next manager shortly'.
Howe has been out a job since leaving Bournemouth following relegation to the Championship, with his former side losing to Brentford in the playoffs.
The club statement had said: "We had hoped to have announced the Manager before providing this update, and we do intend to finalise the appointment of the next Celtic Manager shortly.
"However we have been encouraged by the recent announcement of crowds at sporting events across Scotland this summer.
"Whilst we cannot guarantee any supporter return to Celtic Park at this stage, with our first home match of the new season being on Saturday, July 17, we must now begin the renewal process to allow us to prepare for a phased and safe return for our supporters."
Kennedy said in April that his links to the director of football role at the club were false.
Telling Sky Sports: "Someone has obviously had a guess at it.
"Because there was so much speculation around the manager, behind the scenes and how it might look I think people just start trying to piece things together themselves and putting that out there.
"I have not had any discussions around that role at the club with anyone."
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- Celtic FC
- Scottish Premiership
- Neil Lennon
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