The meeting will include chairman David Sullivan and vice-chairman Daniel Kretinsky. Nuno has not been told he is leaving, but the belief at the club is that parting ways is the most likely outcome after West Ham were relegated from the Premier League on Sunday despite a 3-0 final-day victory over Leeds United.
Nuno was appointed in September following the sacking of Graham Potter, whose five wins in 19 matches left West Ham United bottom of the table. The Portuguese manager guided the club to 39 points — the highest total for a relegated side in 15 years — but it was not enough to survive.
His own position was complicated from the outset by the contractual structure. Reports emerged during the season that the deal contained a Premier League-only clause. Claret and Hugh reported that the contract becomes void on relegation, meaning West Ham would not face a compensation liability if Nuno departs.
The financial consequences of relegation are severe. West Ham's most recent accounts recorded a loss of £104 million and the club is projected to lose a further significant sum this season. Sources inside the club have indicated that relegation will cost around £200 million in lost income, including the loss of Premier League broadcast revenue worth more than £130 million per season.
Sales are expected to follow quickly. Midfielder Mateus Fernandes is almost certain to leave, with Manchester United and Arsenal among those tracking him. The club reportedly will hold out for around £80 million.
West Ham captain Jarrod Bowen is also in demand from Chelsea, Liverpool and Manchester United, though he declined to discuss his future at full time on Sunday.
"It's still very, very raw," Bowen said. "Talking about futures is disrespectful to the club, the fans, everything like that. This club deserves to be in the Premier League. Our aim now is to get this club back into the Premier League."