The former Bhoys midfielder announced on Thursday he would be quitting his job as Blackburn Rovers manager at the end of the season.
There has already been a great deal of talk about who will replace Ronny Deila as Celtic manager this summer, and it appears as though there is a new favourite for the job.
Former Bhoys midfielder Paul Lambert announced on Thursday that he would be stepping down as Blackburn Rovers manager at the end of the season after an underwhelming six months at Ewood Park.
Despite Rovers going unbeaten in his first five games in charge, Lambert has led the Lancashire club to just five wins from their last 23 fixtures, form which has seen them slump to 18th in the Championship table.
Although Lambert, who played 273 times in seven-and-a-half years at Parkhead, has previously stated that he would never want to return to manage the club, the 46-year-old refused to rule out a reunion with his former side in an interview with BBC Radio Lancashire.
He told the station: "You'll probably get all that [speculation] with Celtic. The only connection I've got with Celtic is I played eight great years there. Fantastic club; great club.
"You like to think you've done your little bit to give them a hand in that time. Some great moments up there. As of this minute, I'm back to square one where I was when I left Aston Villa [in February 2015]."
Lambert has immediately been installed as the frontrunner to take over from Deila at Celtic this summer by numerous bookmakers.
Celtic face arguably their most important season in recent years next term as they look to ensure they retain their dominance over Scottish football despite arch-rivals Rangers' return to the top flight.
Reacting to Lambert's announcement and comments, Hoops fans on Twitter were virtually unanimous in their verdict on their former midfielder.
Paul Lambert is such an underwhelming appointment, if it happens. Rate him just above Owen Coyle and Malkay Mackay. Could do better— Burnsy88 (@Burnsy88) April 28, 2016
Even if Paul Lambert has changed his mind about wanting to manage Celtic I dont want him looks permanently miserable oh and hes crap too!— Clare Groves (@ClareTheScot) April 28, 2016
I'm really not too sure about Paul lambert as manager. Next please!— John M (@Jbhoy79) April 28, 2016
If Paul Lambert joins Celtic I'm putting my whole £4K bursary on Rangers to win the SPL next season— Dom (@DomFletch) April 28, 2016
Really really dont want Paul Lambert at Celtic. Rogers, Moyes or Coyle for me— Ruairí Agnew (@RuairiAgnew) April 28, 2016
Paul Lambert won't sell season tickets— Pol MacFhionnghaile (@mcginleybhoy) April 28, 2016
Don't want Paul lambert either he's done nothing as a manager— john m foley (@Bigjohn88M) April 28, 2016
Please not Paul Lambert..— Ryan Melville (@Bhoy92) April 28, 2016
Please no not Paul Lambert to Celtic.— IrishTerenceLA/STL (@IrishTerenceSTL) April 28, 2016
However, in the interests of balance, there to seem to be a handful of Hoops fans who would be happy to see their former midfield hero take over from Deila this summer.
Paul Lambert for Celtic then, won't argue with that one #celticmanager— Ray Keenan (Perry) (@Keenan69Ray) April 28, 2016
Paul Lambert as the new celtic manager, here we go 10 in a row— Ryan Smith (@rsmith_67) April 28, 2016
Wouldn't mind Paul Lambert at parkhead might do some good since he knows the club— Daniel (@Daniel1Ferguson) April 28, 2016