Sherman first interviewed for the position earlier this month.
Sherman went 57-39 in six seasons in Green Bay from 2000 to 2005 and coached the Packers to three consecutive NFC North titles from 2002 through 2004. He was fired after the Packers finished 4-12 season in 2005.
The Bucs fired Raheem Morris as coach following a 4-12 season.
Tampa Bay already has interviewed Cincinnati Bengals defensive coordinator Mike Zimmer, Green Bay Packers quarterbacks coach Tom Clements, Carolina Panthers offensive coordinator Rob Chudzinski, Tennessee Titans defensive coordinator Jerry Gray and former NFL coaches Brad Childress and Marty Schottenheimer for the job.