The ex-Blackburn midfielder has rejected a return to Ewood Park.
Bowyer had been in the job since May 2013 and helped guide the club to decent finishes in the league in the last two seasons but has finally faced the chop at Ewood Park - after previously working as a caretaker boss at the club on two occasions.
Paul Lambert has become the outright favourite to get the job at Ewood Park, but it has emerged that the job was offered to another former Aston Villa boss.
The Mirror is reporting that Tim Sherwood was offered the role just before Bowyer was sent packing but the recently sacked Villa man rejected the position.
The report claims he did not think it was the right time for the Blackburn job and that if he took the role he would lose payment from his Villa sacking.
Sherwood, who rejected Blackburn in 2012 whilst a coach at Tottenham, captained Blackburn to the Premier League title in 1995.
The ex-Villa man is said to be waiting for a more suitable opportunity.