Hearts owner Vladimir Romanov is likely to be installed as the club's president in the summer.
Romanov does not have an official title at Hearts currently
Romanov owns more than 80% of the club's shares but is not listed as an official. This led the SFA to request clarification of his role.
His son, Roman, the Hearts chairman, told the Evening News: "We feel more than anything that we need a president, somebody who represents Hearts.
"We will decide who it is soon, but it is true that it could be Vladimir."
Romanov Jnr added that a decision would be announced after the end of the season.
He stressed: "We haven't ruled out the possibility of it being someone else."