Reports are hitting the web that LSU head coach Les Miles has a serious offer on the table from the University of Arkansas to become their new head football coach.

Reports are saying that the Razorbacks are offering Les Miles a five year deal worth over 27 million dollars.  Here is the latest:

LSU Coach Les Miles has an offer from Arkansas for the head football coaching job, a source close to LSU confirmed to the Times-Picayune/ Tuesday. The offer is reportedly for five years and $27.5 million.

"They made a serious offer," the source said "(Athletic Director) Joe (Alleva) is meeting with his (Miles') agent and the discussion is ongoing."

Miles is set to meet with the media at a previously scheduled 2 p.m. press conference Wednesday to discuss the Arkansas game and the Tigers' bowl possibilities.

LSU sports information director Michael Bonnette declined to comment and said Miles, was out of town recruiting.