Bohemians have slapped a price tag of more than €280,000 on Pat Fenlon in an effort to keep the Dubliner at Dalymount Park.
Dundee United were granted permission by Bohs to speak to Fenlon about the vacant role at the SPL side, but they will demand compensation.
Bohs secretary Gerry Conway said: "We've given them (United) permission to approach him subject to compensation being agreed.
"I don't know whether they want to interview him as one of a number of candidates but there has been no agreement between the clubs with regards compensation. I don't see it going any further until that happens."
Fenlon has three years left on a four-year deal with the Dublin club, with Conway stating that they want in excess of €280,000 to let Fenlon leave.
Reports claimed that Fenlon has already spoken to Dundee United and, as Conway stated, it remains to be seen if the Scottish club are just looking to formally interview Fenlon or offer him the job.
Sources close to both clubs have confirmed that officials at Tannadice were taken aback by the figure requested by the League of Ireland club for Fenlon's services if he is the chosen one.
United may be unwilling to shell out much cash given they have cash problems of their own.
"If they want to get the best manager, and in this case it's Pat Fenlon, then they have to be prepared to pay for it," said Conway, "We can't let him go on the cheap and I think Pat knows that.
There is a dearth of obvious replacements and the Gypsies have history with Paul Doolin and Stephen Kenny, the two names that would most likely be put forward if a vacancy arose.
That's why they are determined to fight off advances. It's a matter of survival, no matter how it's dressed up. Yet the feeling in Irish football circles was that if United had identified Fenlon as the one they wanted, then it would be impossible to stop it happening.
"To be fair to Pat, he would be going to a bigger club," said Derry boss Kenny, who knows all about the situation his old foe finds himself in. "They've got good facilities, a good stadium and they're fourth in the SPL. It's a good sized club. Pat's very calculated and certainly he would see that it would be a good decision.
Shamrock Rovers boss Michael O'Neill is also rumoured to be on a list of targets for the SPL club after Craig Levein left to manage Scotland.