The high-street optician, which uses the slogan “Should have gone to Specsavers”, is known as an innovative advertiser that does its creative in-house.
Earlier this year Specsavers hired Katherine Whitton, the former Barclaycard chief marketer, following the departure of veteran chief marketer Richard Holmes.
A spokesman for Specsavers said: “Specsavers has been reviewing the current media arrangements in the UK and ROI since March 2018.
“They are currently in the final stages of this review and expect to announce a decision shortly.”
ID Comms has advised on the pitch.
MG OMD has held the account since beating then incumbent MEC in a final shootout in 2012.
The Omnicom agency has had a strong first half of 2018 after winning the UK Government’s £140m media-buying account in May.
MG OMD would not comment.