He's expected to remain the GM for the Raiders under new coach Jon Gruden. Barring anything unexpected, Gruden is calling his last game on Saturday when the Kansas City Chiefs host the Tennessee Titans.
Gruden, 54, last coached in the National Football League in the 2008 season for the Tampa Bay Buccaneers.
Gruden, who reportedly has agreed to a 10-year contract worth an estimated $100 million, responded by basically saying it's not a done deal before quickly deflecting to the game at hand.
The Raiders sent out a release announcing Gruden's return on the team's various social media platforms.
The 54-year-old spent seven seasons as the Bucs coach, but was sacked following the 2008 campaign after a 9-7 term.
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The Raiders fired Del Rio following a disappointing six-win season and talk immediately turned to Gruden, who has been out of coaching since being fired by Tampa Bay following the 2008 season.
The Raiders, meanwhile, have gone through nine different head coaches since firing Gruden. "We congratulate you as you head back to the sideline with the Raiders".
At least Gruden sounds very ready for some football.
Gruden has been lining up potential members of his coaching staff. In fact, Cincinnati has been one of the most frequent sources to find first-time head coaches over the past decade. From 1998-2001, Gruden was head coach of the Oakland Raiders compiling a record of 38-28 with two playoff appearances that ended in the AFC Wild Card rounds to the Baltimore Ravens. He led the Buccaneers to the Super Bowl title over Oakland the following season. He came back in 2004 and had a 30-34 record in four seasons, leading Washington to two playoff berths. Overall, Gruden is 95-81 in 11 seasons.