According to ESPN, the meeting took place two weeks ago and Jackson said he’s not interested in the position.
He’s retired from coaching, is pretty old and struggles physically with all the travelling, so I don’t think he’ll ever be back with any team.
What the Knicks should do, however, is offer him a role as the general manager, where he can have a role similar to Pat Riley’s with the Heat. That way he gets full control over the organization (which is why he left the Lakers), but doesn’t have to coach.
Jackson is one of the few people so respected in the NBA that even Dolan will listen to him, so he could definitely make a difference in a front office position if he’s willing to talk to the Knicks about that.
As far as I’m concerned, this is the best case scenario for everyone. Jackson gets to control the franchise he once played for without having to worry about his coaching legacy, while the Knicks finally get someone in charge capable of turning things around.