Sunderland's loss to Wigan over the weekend fueled speculation over Bruce's future as the Black Cats have now lost two of their last games, and the club is sitting in 16th place in the table as of now.
Sunderland faced a late season struggle as they had to win over Bolton and West Ham in the final weeks of the season to stay in the Premier League after losing 10 out of their last 14 games.
Bruce has been the manager of the club since 2009 when he left Wigan to become the current manager at the Stadium of Light.
Ever since that late season failure that barely saw the club survive, Bruce has been on the hot seat. Now it looks like he will not have another chance to save his job.
The former Manchester United defender was reportedly meeting with club owner Ellis Short and other chief executives at the club to discuss his future.
And along with the meeting with the board, rumors have already begun to swirl about who would be the replacement for Bruce.
The three names being rumored to replace Bruce are former Fulham and Manchester City manager Mark Hughes, former Aston Villa manager Martin O'Neill and former England manager Steve McLaren. Hughes is said to be the frontrunner to take the job.
With crucial relegation battles ahead with Wolves and Blackburn in the next two weeks, Sunderland must act quickly on whether or not to replace Bruce or keep him for the time being, as the Black Cats face another relegation battle this season.