Wake Forest athletic director Ron Wellman said after firing Dino Gaudio earlier this week he wanted to find a coach who fit the school and had coached at the highest level.
Wellman also said he wanted someone who would be a long-term solution.
He may have found his choice in Colorado's Jeff Bzdelik. Wellman and Bzdelik have been friends for decades and over the past two days have been discussing a deal that would move the Buffaloes coach to Wake Forest, according to multiple sources. As of late Friday night the deal was not done. The two sides expected more movement Saturday.
Bzdelik, whose daughter Courtney attends Wake Forest, started his coaching career at Davidson and regularly goes back to North Carolina. Bzdelik coached the Denver Nuggets before going to Air Force and then to Colorado, where in three seasons he took the Buffaloes from 1-15 in the Big 12, to 3-13 to 6-10 this past season within one game of .500 overall at 15-16.
A source with knowledge of the situation at Wake Forest said no announcement was due until next week but multiple sources said throughout the day on Friday that a deal was close to being done.
Wellman's criticism of Gaudio was his poor March record of 1-6 in three seasons.
Bzdelik nearly left Colorado last season for a top assistant coaching position with the Minnesota Timberwolves but decided against it in the 11th hour.
If Bzdelik does move then Colorado would likely look to top assistant coach Steve McClain to keep the Buffaloes movement toward the upper tier of the Big 12 going. McClain has worked with Bzdelik closely in building the Buffaloes toward a surprising eighth-place finish, ahead of Texas Tech, Iowa State and Oklahoma, all teams predicted to finish higher. The Buffaloes have two stars in rising senior Cory Higgins (18.9 ppg) and sophomore-to-be Alec Burks (17.1 ppg).
Andy Katz is a senior writer for ESPN.com