Sherwood lost his job as Villa boss on Sunday morning, less than 24 hours after watching his side lose 2-1 to Swansea City, despite having led 1-0.
The result left Villa bottom of the table by the end of the weekend, with just one win to their name in the Premier League - and after ten games of the campaign, Villa have decided that it's time for change in the dugout.
Sherwood is now out of a job once again, just eight months after joining Villa, which came after he was replaced as Tottenham manager in the summer of 2014.
Sherwood may take some time out of football now, but the man he worked with at Tottenham, Harry Redknapp, has told The Telegraph that he may need to drop down in to the Championship in order to rebuild his reputation as a manager having struggled in the Premier League.
"Tim is someone I have a lot of time for. He is enthusiastic and has strong opinions but he will probably have to take a step backwards now to move forwards," said Redknapp. "He may have to take a Championship team but he can come back stronger. For the vast majority of British managers, the only way to manage at a Premier League club is to get promoted and, even then, it is very difficult to progress further."
The Telegraph report that French coach Remi Garde, formerly of Arsenal, could be appointed as Villa boss this week ahead of their game against Tottenham - but Redknapp believes that could be a mistake, suggesting that he would rather see another English manager get a chance at Villa Park.
"Rémi Garde is now looking massive favourite for the Aston Villa job but, with the greatest respect, why? What’s he done? It is not the same in other countries. David Moyes manages in Spain but how often do British managers get an opportunity to manage in Italy, Germany or France? They encourage their own. It is something that we don’t do in this country where there are some brilliant managers who just need a chance," he added.