Nebraska is set to play Butler on Thursday in the National Invitation Tournament. Athletic director Bill Moos previously said he would wait until season's end before making a decision on Miles' future.
The Bulls fired Hoiberg in December after a 5-19 start to the season. The 46-year-old coached Chicago to a 115-155 record - including one playoff appearance - in parts of four seasons.
Hoiberg had a successful five-year tenure at Iowa State before making the jump to the NBA. He led the school to four straight NCAA Tournament appearances highlighted by a Sweet 16 berth during the 2013-14 season.
The Cornhuskers were 6-14 in Big Ten play this season and 18-16 overall.