Jim Magilton remains at Cliftonville after his side lost their fifth straight league match against Coleraine on Saturday.
The same day, Glentoran reportedly contacted him regarding a potential takeover following Declan Devine's dismissal the previous day.
Magilton has secured an Irish Cup and BetMcLean Cup during his tenure but faces mounting pressure in Derry.
A victory within two weeks could restore optimism at Solitude, whereas further losses may raise questions about his position.
Cliftonville lost their first game of this five-match losing streak on Tuesday 14 September to Larne at Inver Park.
The Reds then suffered a second consecutive defeat four days later against the managerless Glentoran in a 2-1 result.
Rhyss Campbell has struggled to recover from an ACL injury sustained during his year-long absence.
Long-term fitness issues have prevented regular appearances by Ryan Curran, Eric McWoods and Ryan Corrigan.
The departure of experienced forward Jonny Addis in January compounded the impact of Jack Keaney and Odhran Casey leaving earlier this season.
Goalkeeper PJ Morrison has been instrumental in limiting the margin of defeat during this period of poor form.
Morrison made two significant saves against Joel Cooper and Ben Wylie on Saturday to keep the scoreline tight at 2-1.
Cliftonville have secured only one clean sheet in the league, achieved in a 3-0 away victory over Bangor.
Defensive frailties were exposed against Ballymena with a third successive 1-0 reverse and recently against Coleraine.
The defeat by the Bannsiders marked their seventh loss of the current season so far.
Last year saw Cliftonville lose fifteen league games as they finished fifth in the table.
They endured a seven-game winless streak across all competitions during March and April of the previous campaign.