If Massimo Cellino believes appointing an ex-Leeds player will placate fans, he may be wrong.
While Steve Evans remains officially in post, his future is uncertain, with notorious 'manager eater' club owner Massimo Cellino debating whether to stick or twist.
SkyBet currently list Sheridan as short as 1/6, with Fabio Cannavaro next at 8/1.
Sheridan is currently employed by League One side Oldham Athletic, starting his second spell at the club in January.
He is a fan favourite at Leeds, spending nearly the entire 80s as a Whites player, before being sold by Howard Wilkinson.
Seeing Sheridan in the dugout would evoke old memories and in a perfect world, spark success, but Leeds fans are more hardened than to believe in fairy-tales, and seemingly would prefer a safer option.
Sheridan has not managed at a higher level than League One, and does not have any managerial credentials which suggests he is an upgrade on the incumbent Steve Evans.
The reaction from supporters online shows concern for Sheridan, and for the direction of the club. Fans will no doubt get beghinf their dormer hero, but that does not mean they are sold it will be a success.
Here is a look at the reaction on Twitter to the falling price on the Irishman taking over...
As much as I loved John Sheridan the footballer, he's just led Oldham to 17th in League One & will just end up as a Cellino statistic #lufc— Andrew.mcgough (@andymcgoff) May 9, 2016
So we are talking up John Sheridan as coach.. is that our level of ambition? Sorry but not good enough for me. Good player for us tho #lufc— seatea (Chris) (@Seatea63) May 9, 2016
No offence to John Sheridan but not sure he's done enough to warrant the Leeds job. Which no doubt means he'll get it! :( #lufc— Liam (@FootieLiam) May 9, 2016
#lufc sorry but as much as I liked Sheridan he's not any better than Evans, cellino is one tormented dog just let Steve have a full season.— Craig (@bandforgood) May 9, 2016
Enjoyed watching Sheridan play, but what's he achieved as a manager that makes him better than Evans.#lufc— Andy Hargreaves (@andylufc1919) May 9, 2016
John Sheridan was a great player but his track record as manager says that Sheridan Smith would be a better option. #LUFC— DB (@dale_brown_) May 9, 2016
John Sheridan really matches MCs profile. A lower-league nobody, on a cheap wage and easy to rid when the day comes. #lufc— raypettersen (@raypettersen) May 9, 2016