The Rams surprisingly took the decision to sack Paul Clement on Monday evening, having picked up just four points in their last seven games, but they still sit fifth in the Championship table, five points adrift of automatic promotion.
Academy director Darren Wassall has been placed in charge until the end of the season, where the Rams will be hoping to make a big appointment.
Now, the Daily Mail report that Nigel Pearson is set to hold talks with the Rams over a summer move to the iPro Stadium, having been out of the game for the duration of the season.
The 52-year-old was sacked by Leicester City last summer, and hasn't been back in football management ever since that departure, despite performing miracles to keep the club in the Premier League last season.
However, Pearson isn't the only man under consideration at the iPro Stadium, as the report also claims that Derby are interested in Birmingham City's Gary Rowett, who racked up over 100 appearances for the club during his playing days.
Rowett, 41, has impressed during his time at Birmingham, even leading his side to a 3-0 win away at Derby just weeks ago - though a move for him won't be easy.
Having just signed a new contract at St. Andrews, it's stated that acquiring Rowett would cost hefty compensation - but that wouldn't put the Rams off as they look for a new manager.
Would you rather see Derby appoint Pearson or Rowett?