According to a report in the Watford Observer, the Hornets have offered Jokanovic an improved contract to secure his signature amid interest from Newcastle and Leeds United.
The Daily Mail has claimed that Newcastle were interested in hiring the 46-year-old Serbian coach this summer, along with Sunderland, whilst Sky Sports journalist Guillem Balague confirmed that Leeds and West Ham are also tracking his availably ahead of a potential move for him.
His future has yet to be confirmed, and having only agreed a one-year deal at Vicarage Road, Jokanovic is out of contract at the end of this season.
The former Chelsea midfielder oversaw the Hornets promotion to the Premier League, and it is clear that all fans want to see him remain at the club as they plan their return to the top flight.
Jokanovic has certainly shown the kind of talent that many clubs will be interested in hiring, with all the teams showing an interest in him keen on hiring new managers this summer.
John Carver has done little to impress at Newcastle, whilst Neil Redfearn looks set to lose his job at Leeds United due to the work of president Massimo Cellino. Sam Allardyce has done an acceptable job at West Ham, but the club are keen on finding a new coach who can push them forward and establish them as European contenders in the Premier League.
The interested clubs can all offer their own perks of the job, but Jokanovic is settled in his role in Hertfordshire, and it would come as no surprise to see him agree a new deal in the coming weeks, especially having been offered an improved contract by the Hornets management.