Harry Redknapp didn't get any players in on deadline day, and was seemingly so frustrated with the goings on at Loftus Road that he handed in his resignation.
The official line is that Redknapp needs knee surgery and won't be able to take charge of the team anymore, but it comes just hours after owner Tony Fernandes told Redknapp there would be no more money to spend.
Les Ferdinand was on the coaching staff at Tottenham before joining up with Redknapp at QPR, and is currently the second favourite with bookmakers at around 7/1. The 48-year-old has no managerial experience, but is a fan favourite at Loftus Road having scored 80 goals in 163 games for the club as a player.
Ole Gunnar Solskjaer has seen some movement recently, and is now down to 25/1 with bookmakers. The Norwegian was sacked by Cardiff City back in September having struggled in South Wales, so this would be a risky and strange appointment for QPR.
MK Dons boss Karl Robinson has impressed this season, with his side sitting in second place in the League One table. The 34-year-old is one of the brightest up and coming managers in the lower leagues, but his odds have drifted out to as far as 65/1, with bookmakers deeming it unlikely that the youngster would step up to the Premier League right now.
The clear favourite right now is former Spurs boss Tim Sherwood. The 45-year-old was part of Redknapp's coaching staff at White Hart Lane and could now replace his former mentor having been sacked by Tottenham back in May. With a 50% win percentage from his time in charge of Spurs, Sherwood may actually be a sensible appointment, and bookmakers have him as short as 1/14 right now.