The 47-year-old is the bookies' favourite to land the Derby County role.
The 47-year-old has been out of management since he was sacked by Aston Villa - who have since been relegated from the Premier League - back in October.
Nevertheless, quite a bit of money seems to have gone on the former Tottenham Hotspur boss, whose odds for the role are as short as 6/5.
Current Rams boss Darren Wassall is rated at 9/2, as is Birmingham City manager Gary Rowett, whereas David Moyes is 8/1 as speculation continues to link him with a return to Everton.
Significantly, ex-Leicester City manager Nigel Pearson is 9/1, having reportedly ruled himself out of the running for the role (The Express).
Regardless who it is, the Rams' hierarchy must look to seal the deal quickly. The more time the new man has, the better as far as Derby's promotion bid next season goes.
Fans will want the appointment as soon as possible so as to give their next manager decent time in which to shape his squad for the season ahead.
Under Wassall, County finished in the playoff places this past season, but a 3-0 first-leg defeat by Hull City at the iPro Stadium effectively put paid to their hopes of reaching the Premier League, despite winning 2-0 in the return leg.