According to reports in the Telegraph, David Sullivan and David Gold could turn to the man that constructed the 5-0 thrashing of their side in the FA Cup.
Billy Davies watched as his Forest side picked and pulled West Ham's young and inexplicably poor defence to pieces, thanks to some very good individual performances.
Despite being previously backed by the West Ham owners, the pressure has really started to grow on the former Bolton manager. With three wins in their last 15 games and 22 goals conceded in their last 6 matches, the writing is arguably already on the wall. A loss to fellow strugglers Cardiff on Saturday could act as the straw that finally breaks the camel's back.
The Hammer's supporters have already made their feelings known towards the manager and there is even some talk of West Ham fans trying to raise the money it would take to sack Sam Allardyce.
However, does Billy Davies offer a better alternative?
The reputation of Billy Davies is well known around the country, especially his often bizarres attitudes towards journalist.
In one example, after the game between Forest and West Ham, he singled out one journalist in particular to race him for charity towards a pork pie, allowing the reporter to pick any distance that he wished.
On the pitch, he has proven himself as a consistent if flawed Championship manager. He is known for guiding sides into the play-offs, but falling at the last hurdle more often than not.
In fact Davies's only promotion to the Premier League will be one that he would probably rather forget. He created the Derby County side that finished dead bottom in the league, with just 11 points to their name, although it was Paul Jewell that finished the season as he was prematurely sacked.
The former Preston North End manager does boast a win percentage of 41.04% from over 400 games, which is impressive and does show that he could perhaps make the step up to the Premier League.
The real issue is going to be Nottingham Forest chairman Fawaz Al-Hasawi giving the deal the green light. He has publicly stated in the past that he will continue to back Billy Davies in any way that he wishes and he enjoys a good bond with his current employee.
The Kuwaiti business man has already sacked three managers in his reign and I would guess that he wouldn't be prepared to let Davies go cheaply, one man he does appear to like.
West Ham could seriously find themselves out of pocket if they decide to pay-off Sam Allardyce and follow up their interest in Davies.
image: © Tom Cuppens