UPDATE: Current LSU men's basketball coach and former University of Tennessee at Chattanooga basketball coach Will Wade has been suspended indefinitely.

President and Chancellor F. King Alexander and athletics director Joe Alleva released a joint statement Friday, which reads:

“Recent media reports regarding Coach Will Wade are without question concerning to all of us. As such, we and university officials have taken deliberate and purposeful steps to fairly assess and adequately address this situation. As we have done since media reports first surfaced months ago, we are closely coordinating with the NCAA with every step. They have our full cooperation and we will continue to report to them all facts and information on this matter. All of us at LSU share the obligation to protect the integrity of this institution, as such we have suspended Head Coach Will Wade indefinitely until such time as we can ensure full compliance with the NCAA, as well as institutional policies and standards. Assistant coach Tony Benford will assume the duties of interim head coach.”

PREVIOUS STORY: A Yahoo Sports report says a phone conversation between former University of Tennessee at Chattanooga basketball coach Will Wade and basketball middleman Christian Dawkins was intercepted by the FBI.

During the call, Wade, who now coaches at LSU, spoke "freely about a 'strong-ass offer' he made in the recruitment of a prospect," the report explains.

Wade also gets aggravated during the call that a third party affiliated with a recruit has not yet accepted an offer.

“I was thinking last night on this Smart thing,” Wade said according to Yahoo Sports. “I’ll be honest with you, I’m [expletive] tired of dealing with the thing. Like I’m just [expletive] sick of dealing with the [expletive]. Like, this should not be that [expletive] complicated.”

According to the Yahoo report, Wade did not elaborate on what he meant when he said the "Smart thing," but there is a freshman guard at LSU named Javonte Smart.

The man on the other end of the call, Dawkins, was known for being on FBI wiretaps during part of 2017.

According to ESPN, court records show there were at least three calls between Dawkins and a cellphone number that belongs to Wade in 2017.

Yahoo Sports added that the tape does not talk about what was in the "offer."

"The tape does not reference any specifics about the “offer,” if the particulars of the 'offer' violated NCAA rules, if the player and/or his mother ever knew of the “offer” or if anyone accepted whatever the “offer” was," Yahoo Sports said.

The report added that Wade could be questioned about the call if he is called to testify in the second trial related to Dawkins, and defense attorneys are filing a subpoena for him to do so.