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James Franklin may soon find a new home.
ESPN reported Saturday morning that Franklin is "engaged in the early stages of talks" to become the next Virginia Tech head coach.
According to the report, Franklin will find out his fate in the coming days, but there is mutual interest.
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Franklin was fired from Penn State after the Nittany Lions' upset loss to the Northwestern Wildcats. It was the school's third straight loss and second consecutive shocking defeat. The team lost to the UCLA Bruins on the road the previous week.
Franklin took over as Penn State's head coach before the 2014 season after spending three years with the Vanderbilt Commodores, leading the school to back-to-back nine-win seasons.
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He was in his 12th season at Penn State. He led the Nittany Lions to the College Football Playoff semifinals last season, finishing 13-3.
Franklin was 104-45 as the school's head coach, but he went 4-21 against top 10 teams.
Philip Montgomery is the interim head coach for the Hokies after they fired Brent Pry following an 0-3 start.
Penn State has since fallen out of the rankings and has lost each of its last three games since Franklin was fired. They almost pulled off the upset against No. 2 Indiana, but the Hoosiers scored a touchdown in the final minute.
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