Nico Cortese is leaning towards leaving Southampton in the summer.
The Daily Mail says Cortese is looking for renewed backing from the trust that owns the club before he decides whether to remain in his position.
The Italian businessman wants the Liebherr trust to underwrite his strategy for Southampton to consolidate themselves in the Premier League.
A source close to Cortese, who has overseen Saints rise from League One to the top flight, said he will make a decision on whether to remain as chairman within the next month.
It is understood that Cortese's current frustration centres on those in charge of the trust knowing little about football and not committing themselves to his plans.