A search committee will likely be set up by the university by this week, and the school could make a hire before the end of the month. Hackett is will likely step aside after the hiring, the Free Press reports.
Hackett has said in the past that he does not want to be the permanent athletic director.
Hackett took over as interim athletic director on Oct. 31, 2014 after Dave Brandon resigned following mounting pressure from Wolverines fans and donors. Hackett was responsible for the firing of head football coach Brady Hoke on Dec. 2, 2014 and the hiring of Jim Harbaugh soon after.
Former Oregon State athletic director Bob DeCarolis was brought on as a consultant for the Michigan athletic department.
Hackett signed Michigan's 11-year, $122.3 million apparel contract with Nike and noted his interim status.
One of his final tasks as interim athletic director could be determining Harbaugh's deferred compensation after the Wolverines' upcoming bowl game.
- Christopher Chavez