ESPN is in discussions with broadcasters about selling off its rights ahead of a possible closure in the UK, according to Broadcast.
The Disney-owned venture has lost the rights to a number of key sporting events - most notably the Premier League, but also Premiership rugby, Italian football and French football - to the new BT Sport service, which will launch this summer in time for next season.
The industry magazine suggests that ESPN is now in active negotiations with its rivals, including BT and Sky, about selling off its remaining assets.
ESPN still holds rights for another four years of SPL games, a year of FA Cup matches and the Europa League until 2015.
An ESPN spokesman said: "We don't comment on rumours or speculation. We have said all along that we are active and exploring a range of potential options for our business, but we do not discuss private business strategy publicly.
"We continue to remain focused on our business, and the wide range of content and coverage we deliver to fans."
ESPN's portfolio also includes American sports such as the NBA and Major League Baseball.