The Black Cats are deep in a relegation struggle right now, and realistically Watford and the Wearside club could swap places at the end of this season following the Hornets promotion to the top flight.
Should they retain their top flight status, Sunderland have a lot of work to do to appoint a new boss who can not only keep them in the Premier League, but make them a competitive side, rather than consistent relegation strugglers.
Jokanovic looks to be that man, with his turning around of Watford from disarray to promotion, and to a likely Championship title to their name should they defeat Sheffield Wednesday this weekend.
It was the Daily Mail who originally ran the story of the Black Cats’ interest, and it certainly did appear as if Sunderland were making considerations over the Serbian coach, who has managed in his homeland before, as well as in Thailand and Spain.
However, the latest report puts paid to these rumours, with the Hertfordshire club opening talks with Jokanovic over a new deal, which is expected to be a one-year rolling contract with bonuses for Premier League survival.
Considering his success with Watford, it is hard to see why Jokanovic would choose to reject the contract, even if Sunderland do retain their top flight status.