Hull, who got promoted from the Championship at the end of last season, are also at 4/1 to secure the services of the 25-year-old this summer.
While there are no concrete reports that Championship side Wednesday want to recruit the 25-year-old this summer, Hull have been credited with an interest in the former Wigan Athletic attacker.
According to a report in The Sun last month, Premier League newcomers Hull and Burnley are interested in McManaman.
McManaman featured in 12 Premier League matches for West Brom last season, creating eight chances in the process.
The winger had a pass accuracy of 88% and a shot accuracy of 17%, and won three headers, 14 dribbles and six tackles.