A well-placed source said Tuesday afternoon that representatives for Fox and O’Reilly have begun talking about an exit. But this prompted a denial from sources in O’Reilly’s camp.

Even one person close to O’Reilly, however, said he will probably not be back on “The O’Reilly Factor.”

The original well-placed source said an announcement about O’Reilly’s fate was likely by the end of the week.