COLUMBIA, Mo. -- Missouri coach Mike Anderson's agent says he is negotiating a new contract with the school amid continued reports that Arkansas is also interested in hiring the architect of the "Fastest 40 Minutes in Basketball."
Anderson's agent, Jimmy Sexton, told Memphis radio station WHBQ-AM Tuesday morning that "we've been in discussion with them for several weeks now."
Sexton added that while "nothing is imminent" he expects "some resolution ... in the next few days."
Sources confirmed to ESPN.com's Andy Katz that the school was on the verge of finalizing a new deal with Anderson that will add two years to his current contract. Also, Anderson will receive a bump in salary to nearly $2 million, up from his current pay grade of roughly $1.5 million, the sources confirmed.
Sexton's comments came as University of Missouri curators -- who must approve any changes to Anderson's existing seven-year, $10.85 million deal -- met for a second day at Missouri University of Science and Technology in Rolla.
After their public session ended Tuesday morning, the group of political appointees remained behind closed doors for more than five hours discussing unspecified personnel matters.
Interim university president Steve Owens declined to discuss Anderson's contract other than to offer a general statement of support. The Columbia Daily Tribune reported that Missouri athletic director Mike Alden also attended the meeting in Rolla, which is nearly 100 miles from the flagship campus.
Alden rarely attends curator meetings outside Columbia. He too declined to discuss the status of his men's basketball coach.
Anderson, who was hired by Missouri in 2006 after four years at Alabama-Birmingham, led Missouri to a 23-11 record and its third consecutive NCAA tournament appearance -- though it ended with a first-round defeat and five losses in the team's final six games.
In 2009, he parlayed a school-record 31 wins, a Big 12 Conference tournament title and an appearance in the NCAA regional final into a contract extension and $500,000 annual raise. That revised contract pays Anderson a base annual salary of $1.35 million plus another $200,000 a year should he remain in Columbia another two years. Additional deferred compensation is available if he stays at Missouri for the duration of his seven-year deal.
He turned down an offer to coach at Georgia in 2009 for more than $2 million annually and was also mentioned as a possible candidate at Memphis.
One year later, Anderson rejected a similarly hefty raise and a job offer to coach Oregon -- but not before unsettling the Tigers faithful with less-than-specific denials about his interest in other jobs.
The latest potential suitor is Arkansas, where Anderson spent 17 years as an assistant under Nolan Richardson and helped his mentor win the 1994 national championship.
Arkansas fired coach John Pelphrey on March 13. Pelphrey was 69-59 in four seasons with the Razorbacks. Several media outlets in Arkansas and Oklahoma have linked Anderson to the job. As is his custom by now, Anderson has only said that he is happy at Missouri but hasn't struck down what he repeatedly refers to as "rumors."
Anderson's looming contract extension could put the fundraising prowess of Alden and Missouri's athletics department to the test.
Missouri's athletic director has previously said that the school is also putting the finishing touches on a new deal for football coach Gary Pinkel, who earns roughly $2.5 million annually in a contract that was last revised in 2008.
Information from The Associated Press was used in this report.