MK Dons manager Karl Robinson overtook John Sheridan at the weekend as the bookies favourite to land the Leeds United job.
While Steve Evans remains Leeds boss for now, owner Massimo Cellino has refused to back him for next season, and bookies SkyBet last week opened a market on a potential successor.
Robinson is priced at 8/11 on, narrowly ahead of former Leeds midfielder Sheridan at 6/4.
Current favourite Robinson has not given any public indication he is ready to leave MK Dons, where he has been since 2010, but recent comments from the club's chairman Pete Winkelman suggest his future is far less certain, and believes the coach may opt for a new challenge.
Speaking at the end of April, Winkelman told The BBC: "Is he an important character? Yes. Does that mean he's the manager next year? I don't know.
"He needs to want to do it, he needs to recognise some of the mistakes that we've made, he needs to want to do something about putting them right, he needs to show me that he's got the ambition and drive and passion to pick himself off the floor and go again.
"However, if he's taking it badly, if he's trying to look to all the other reasons, and try to put the responsibility elsewhere, if he feels the grass may be greener elsewhere, then this is an opportunity for him to go and do something about that too."
Robinson's MK Dons suffered relegation last season to League One, and as ever it will be a tough task to win promotion back to the Championship, and this time they will not have the help of Dele Alli.
Whether Massimo Cellino has been in contact with Robinson remains unestablished, but Winkelman's comments suggesting that the manager could seek a new challenge may lie behind money being lumped on by punters with the bookies that he could land up at Elland Road.