The Tallahassee Democrat and ESPN.com reported Monday night that Bowden is expected to announce his retirement today.
Bowden said he is still sifting through "options presented to him." He met with Florida State President T.K. Wetherell and athletic director Randy Spetman for an hour Monday morning.
When asked about the media reports, his wife, Ann, said nothing had been finalized -- "That's why they're meeting tomorrow."
The 80-year-old coach said earlier Monday that there will be an announcement about his coaching future today.
"We'll finalize it tomorrow," Bowden told reporters as he left a weekly booster luncheon Monday. "We talked about our options."
Earlier this year, Bowden had strongly suggested he wanted 2010 to be his last season. But he has also said he could not return as a head coach with no authority.
The 80-year-old is the winningest coach in Atlantic Coast Conference history. He has 388 career wins, and he has 34 seasons at Florida State.
PERFECTION: Bowden experienced his lone perfect season in 1999 as the Seminoles became the first team to go wire-to-wire in The Associated Press poll, ranked No. 1 from the preseason to finish.
NOT SO PERFECT: Since winning their 12th ACC title in 2005, the Seminoles have been 16-16 over the past four seasons against league opponents.