Tennessee men's basketball head coach Cuonzo Martin has begun discussions with Marquette regarding its vacant coaching position, ESPN reported on Monday morning.

Citing anonymous sources close to the Marquette program, ESPN reported Martin met with Marquette officials Sunday and there is "significant interest" between both parties.

UT Athletic Director Dave Hart was expected to meet with Martin shortly after the Vols' NCAA tournament loss to Michigan Friday to discuss the season and his contract.

The athletic department told The Daily Beacon on Monday afternoon that as of now, there is no update on that meeting.

Tennessee's Sweet 16 run ended Friday in a 73-71 defeat to the Wolverines. Hours after the Vols arrived back in Knoxville on Saturday, ESPN's Jeff Goodman reported Martin as one of the front-runners for the Marquette job.

Under his current contract, Martin would enter next season with two years left on a five-year deal paying a base salary of $1.35 million. That is believed to make him the 11th highest-paid coach in the SEC. His 32 conference wins since taking over in 2011-12 rank third-most among SEC coaches in that span.

The buyout in Martin's contract dropped from $2.6 million to $1.3 million today.

Martin took over the basketball program in March 2011 after Bruce Pearl was fired amid an NCAA probe. His first two teams faced early exits from the NIT before his Vols cracked the NCAA tournament field in 2013-14 and reached the Sweet 16 as a No. 11 seed.