David Moyes will meet with Ellis Short and Martin Bain in the coming days to discuss his future and Sunderland's plans for rebuilding.
Several players are set to leave while Moyes has some targets in mind for the summer.
Bournemouth and West Ham are interested in Jermain Defoe who can leave on a free transfer while Everton and Manchester United are keen on Jordan Pickford and Celtic have discussed Fabio Borini.
The Blacks Cats were the first team to have relegation confirmed following their recent defeat to Bournemouth, leaving fellows relegation strugglers to battle it out into the final weeks of the season.