Update: Texas’ spokesman refuted the report that DeLoss Dodds will step down at the end of the year:

Texas spokesman calls Orangeblood reports that AD DeLoss Dodds stepping soon “absolutely not true. Period. It’s just not true.” — kbohls (@kbohls) September 13, 2013

Earlier: There’s pretty big news coming out of Texas this afternoon — Rivals.com affiliate Orangebloods is reporting that University of Texas athletics director DeLoss Dodds will step down at the end of the year:

http://t.co/on3Mk4XpiS (@ChipBrownOB) is reporting that Texas athletic director DeLoss Dodds will step down at the end of year. #Longhorns — Geoff Ketchum (@gkketch) September 13, 2013

Sources: DeLoss Dodds will step down as #Longhorns AD, move into consulting role by year’s end. … http://t.co/wPk0LQ2OiX — Chip Brown (@ChipBrownOB) September 13, 2013

However, the Orangeblood report does acknowledge that news of Dodds’ impending retirement has been disputed:

Dodds denied to the Austin American-Statesman this week about having “any immediate plans” to step down as athletic director. And Nick Voinis, senior associate athletics director for communications, vehemently denied Dodds has any plans to step down to Orangebloods.com.

“Whoever is saying that is wrong,” Voinis said.

This would be big news for the Longhorns, and could set the stage for a full-scale regime change at the school — many fans have already been clamoring for football coach Mack Brown’s head.

We’ll keep you updated as we learn more.