Ronny Deila is in charge of Celtic at the moment, but the Norwegian will step down from his managerial post at the end of the season.
Larsson, who is currently the manager of Swedish club Helsingborgs IF, is one of the greatest players in the Scottish Premiership giants’ history.
The former Sweden international played for Celtic from 1997 to 2004, winning the league title in Scotland four times, the Scottish Cup twice and the Scottish League Cup on two occasions.
Many Celtic fans would love to see Larsson take charge of the first team in the summer, but former Hibernian and Heart of Midlothian midfielder Stewart believes that the ex-United loanee is not the right man.
“Yes, he was a fabulous striker - one of the best in Celtic’s history - but going for him as Ronny Deila’s replacement would merely be a move to fill the stadium.
“I’m not even convinced Celtic fans would swallow such a cynical bid to get them to buy season tickets.”
Larsson would be a blockbuster managerial appointment for Celtic, but Stewart does have a point.
Celtic’s main target next season is to progress to the group stage of the Champions League. Could the former Feyenoord striker help them achieve that?