The club released a statement Thursday saying it would "confirm" its nickname after images of the name and logo leaked on a website called sportslogos.net.
The team, which is slated to begin playing next year at Frank Clair Stadium, will be called the Ottawa RedBlacks, according to the report.
Images on the website revealed a bolded "R" in front a of circular saw with the name RedBlacks underneath. The emphasis on the letter "R" is similar to the team's previous CFL logo when they were known as the Ottawa Rough Riders.
The team also announced Thursday that Brock Sunderland has been appointed assistant general manager.
Sunderland spent six seasons with the NFL's New York Jets in scouting roles, most recently covering college players in the western United States.
"I'm delighted to welcome Brock to our organization," said team general manager Marcel Desjardins. "He brings a wealth of experience and a proven eye for talent that will be invaluable to our organization as we evaluate players and build our team for the 2014 season."