Melbourne Victory is refusing to confirm reports they have decided to axe two-time championship winning coach Ernie Merrick.

The Age and several other media outlets understand that Brisbane Roar coach Ange Postecoglou could be a target to succeed Merrick.

Postecoglou is coaching the Roar in Sunday's A-League grand final against Central Coast Mariners.

The club's new board is moving to re-model the club and it is believed consensus was reached that the 58-year-old Scotsman is not the right person to lead the club forward.

The club is hosting a major corporate function this afternoon.