Jose Mourinho's Chelsea future is in question after the board discussed the manager in the past 24 hours.
Owner Roman Abramovich led talks on how the champions can end a slump of nine defeats in their opening 16 Premier League games.
The Blues are one point above the relegation places after the 2-1 loss at Leicester on Monday.
Mourinho's role was part of a debate on how to turn things around, but there is no emergency meeting on Wednesday.
It is not yet clear which way the club will go or whether the 52-year-old Portuguese will be in charge for Saturday's home game against Sunderland.
Mourinho, in his second spell in charge of Chelsea, was given Abramovich's public backing in October, but domestic results have not improved since.
The Russian's instinct has always been to keep backing the man who brought the Premier League title back to Stamford Bridge last season and signed a new four-year contract in August.
However, Chelsea's form has collapsed and the loss at Leicester left them 16th in the table with 15 points.
Abramovich and the rest of Chelsea's hierarchy are weighing up how long they can afford to wait for improvement. They are 20 points behind leaders Leicester and 14 off the Champions League places, with a crucial last-16 tie against Paris St-Germain to come in that tournament.
Ex-Chelsea forward Tony Cascarino on BBC Radio 5 live, says
"This is now a critical period for Chelsea. It's gone from 'we can't win the league', 'we can't qualify for Champions League', and now 'we're fighting relegation'.
"Literally each topic has changed in the last month. That as a football club for Chelsea will not be acceptable at the highest level."
The other dilemma is whether to deprive a manager with a proven track record of success the opportunity to turn things around - and the January transfer window may provide that chance.
Mourinho turned on his players after Monday's defeat at The King Power Stadium, claiming they had "betrayed his work" by conceding goals to Jamie Vardy and Riyad Mahrez after he insisted he had flagged up their specific danger before the game.
In response, midfielder Cesc Fabregas said his team-mates needed to justify their "big wages" and start playing like "big players". He was one of seven players the Blues manager said had been underperforming at the start of the season.
Abramovich and Chelsea's other problem is the lack of an available, quality successor with the unemployed Carlo Ancelotti having already been sacked by the club and other potential targets, such as Bayern Munich's Pep Guardiola and Atletico Madrid's Diego Simeone, out of reach at present.
It has led to speculation the Blues may turn once more to Guus Hiddink on a temporary basis after the 69-year-old Dutchman's spell as caretaker in 2009, during which he won the FA Cup.
Source:BBC
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