Jon Daly will remain in charge of Hearts for this weekend's trip to Motherwell, with an announcement on the managerial situation at Tynecastle expected next week.
The club's Under-20 coach has been working as interim head coach since Ian Cathro was sacked at the start of the month. He will continue in that role at Fir Park, assisted by fellow coaches Austin MacPhee and Liam Fox.
Hearts directors are weighing up their options to replace Cathro but are relaxed with Daly in temporary control. Billy Davies has dropped out of the running for the job, leaving Daly in contention with former club captains Steven Pressley and Paul Hartley.
Davies' withdrawal follows news that previous applicants Dougie Freedman and Steve McClaren have taken jobs at Crystal Palace and Maccabi Tel Aviv respectively.
The Hearts owner Ann Budge must now decide whether to appoint one of Daly, Pressley or Hartley or look elsewhere for a different candidate.
Budge confirmed that Daly would continue to lead Hearts this weekend in a statement which read: “The Board will not rush the new management appointment. We did receive lots of interest and we have conducted a number of interviews. The calibre of interviewee was very high and every candidate was worthy of very serious consideration. I would like to publicly thank all of them for the time and trouble taken in preparing for and attending these meetings.
“As well as interviewing short-listed candidates, we have also conducted a review of our Football Operation both against our initial 3-year plan and importantly, against our new 3-year plan, to confirm the suitability of our current management model as the club continues to progress.
“While this has been going on, Jon Daly, supported by the other members of the coaching staff, has stepped up to the mark brilliantly and filled the role of interim head coach admirably. Jon will continue to do so for the Motherwell game. An announcement will be made regarding a permanent appointment next week.”