Since the Oakland Raiders parted ways with Jack Del Rio, there is a growing belief that Jon Gruden will make his grand return to the franchise to become their next head coach.

Within that discussion, there were reports stating that the Raiders offered him an ownership stake with the team as part of the deal to become their new head coach. During an interview with the “Golic and Wingo” show on Wednesday morning, Gruden dispelled the rumor that an ownership stake is on the table.

“There's no truth to that,” Gruden said. “There's no validity to that at all, none, zero.”

Still, Gruden did acknowledge that he has interest in the vacancy, stating that there would is a “good chance” he will accept the job if it's offered to him by owner Mark Davis. However, he did make it clear that the team is still going through the search process with other candidates due to the Rooney Rule that requires at least one minority candidate to be interviewed.

Gruden coached the Raiders for four seasons from the late '90s into the 2000s, holding a 38-26 record that includes a pair of playoff appearances, two AFC West titles, and a trip to the AFC Championship game. He last coached in the NFL back in the 2008 season with the Tampa Bay Buccaneers and has since color commentated for Monday Night Football on ESPN.

All of this chatter gives off the vibe that it is only a matter of time before the Raiders name him as the next head coach of the franchise.