I have no idea what will happen, but to those who say "no way Gruden" is coming, there is a very real chance that he is, and it has yet to play out.
This story has a lot of traction now. It is probably the hottest non-game story in football. JG is one of the biggest celebrities going. So, it is all but certain that countless reporters and broadcast producers are bugging the h3ll out of both sides. That said, I can assure you that as soon as one of the two parties knows it is a dead deal, a VERY creditable source, or more likely sources, will release as much. You might even have a direct denial from both sides. Unless they are using the media to their benefit, public figures hate the media. They hate talking to them and don't want them in their business.
The only way is a dead deal and we don't know is if one of the two parties doesn't want the other to know either. For the life of me, I can not imagine why UT admin would benefit from that. Chuckie is the fan favorite.
Maybe JG would, but it would seem contrary to everything he has said about UT in the past as well as contrary to how he addressed the exact same rumors the last time around.
It almost has to be in the works to some extend at least.