The Tigers were promoted back to the Premier League after they beat Sheffield Wednesday 1-0 in the Sky Bet Championship play-off final in May
They are yet to make any major signings this summer and the club have temporarily stopped any takeover discussions in order to focus on bringing in players but will re-start them in September
"To ensure stability during the transfer window, the club can confirm that takeover talks have been placed on hold until the summer window closes," a statement read
"Whilst the owners intend to continue discussing a sale to interested parties in September, the priority for the coming weeks is strengthening the squad ahead of the start of the new Premier League season, particularly given the number injuries sustained to key players during pre-season.
"As always, thank you for your continued support."
The club have been up for sale since 2014, after the Football Association turned down owner Assem Allam's request to a change of name to Hull Tigers.
Source : PA
Source: PA