LSU Coach Les Miles has an offer from Arkansas for the head football coaching job, a source close to LSU confirmed to the Times-Picayune/NOLA.com Tuesday. The offer is reportedly for five years and $27.5 million.

"They made a serious offer," the source said "(Athletic Director) Joe (Alleva) is meeting with his (Miles') agent and the discussion is ongoing."

Miles is set to meet with the media at a previously scheduled 2 p.m. press conference Wednesday to discuss the Arkansas game and the Tigers' bowl possibilities.

LSU sports information director Michael Bonnette declined to comment and said Miles, was out of town recruiting. His LSU team defeated Arkansas 20-13 in the regular season finale Friday.

Another source familiar with the Arkansas coaching search said the original report, which came from a twitter post from the Sports by Brooks website, was "speculation based on Miles and Arkansas Athletic Director Jeff Long having spent eight years together at Michigan."

Long worked in the athletic department at Michigan during Miles' eight-year tenure there.

"We've seen the tweet by Sports by Brooks and we're not going to comment on rumors or bits of information," Bonnette said. "It has been brought to Les' attention and he didn't have anything to say."

Miles' agent, George Bass of Dallas, could not be reached for comment. Tom Murphy of the Arkansas Democrat Gazette tweeted that he spoke to Bass by phone and Bass said, "There's nothing like that going on."