From Rotoworld via the Denver post:

According to several sources close to him, Patrick Roy has been offered the head coaching job of the Colorado Avalanche.
He is said to be mulling over the organization's offer. The Avalanche and Roy are remaining fairly tight-lipped about the process though and neither have commented on the situation since Roy left Colorado after their meeting with president Pierre Lacroix almost two weeks ago. Currently the coach of the team is still Tony Granato, but if this rumor is true he may not be for much longer. Stay tuned.

I'm not sure how I feel about this