Airdrie have confirmed that they "have been in dialogue" with Harry Redknapp.
Record Sport revealed that the former Tottenham boss had been in talks to invest in the Lanarkshire club, as he looks to make his return to football.
The 73-year-old was in discussions to use the Diamonds as a breeding ground for talent that could then be sold on to English clubs.
Now the League One club have confirmed that talks did take place, and a similar approach is being worked on with other potential investors.
Director of football Stuart Millar told a supporters' group: "As you know, Airdrieonians hit the headlines during the week in the national newspapers.
"The article about Harry Redknapp was front page and back page news, so therefore I would like to update you on the background behind it.
"We can confirm the club have been in dialogue with Harry Redknapp and his representatives.
"It was a very relaxed and informal way of exploring the possibility of working together, with a view to developing both Scottish and European players at Airdrieonians and then selling them on to larger clubs.
"We have other connections we are working on along similar lines.
"The approach was always going to form part of our development plans moving forward."
