Update 12 p.m. : The Columbus Dispatch reports two “well-placed sources” at Ohio State confirmed that Urban Meyer will be the Buckeyes next head coach. The final terms of the contract have not been decided, but an announcement is expected next week.

(Original post)

All signs point to Urban Meyer coaching Ohio State next season, but he hasn’t signed on the dotted line just yet. (Dave Martin/AP)

But Meyer, who currently works as a television analyst for ESPN, denied the report.

“I have not been offered any job nor is there a deal in place,” Meyer said in a statement to ESPN. “I plan on spending Thanksgiving with my family and will not comment on this any further.”

Speculation about Meyer’s return to the sideline has increased in recent weeks, with many linking their two-time BCS championship winning coach to the Buckeyes upcoming vacancy.

Quoting sources, WKMG-TV Sports Director David Pingalore reported Meyer has agreed to a seven-year, $40 million deal and will bring several current Gators assistant coaches with him to Columbus.

On Monday, Meyer told The Gainesville Sun that “there has been no interview. There has been no offer to make a decision about.”

But his interest is evident, and ESPN’s deicision to pull Meyer from his usual broadcast team for Saturday’s Ohio State-Michigan game in Ann Arbor has only fueled the rumors.

An Ohio native, Meyer played college football at the University of Cincinnati and earned a master’s degree in sports administration at Ohio State in 1988.

Based on his recent comments, it sounds like the health and family issues that led Meyer to retire from Florida following the 2010 season are behind him, and if he’s ready to get back on the field, Ohio State seems like an ideal fit.