The Iranian top-flight football team has failed to meet its financial commitment.
Hosseini is a candidate to take charge of Zob Ahan, which has recently parted company with Zob Ahan.
Under coaching of Rezaei, Zob Ahan lost five of its 14 matches in the Iran Professional League (IPL) and dropped to 14th place, two points above the relegation zone.
Saket Elhami, Alireza Mansourian and Farhad Majidi are also candidates to take charge of Zob Ahan.