Leicester City next manager odds: Shock odds-on favourite emerges, latest on Koeman and Pellegrini

Manuel Pellegrini, manager of Manchester City looks on after the Barclays Premier League match between Swansea City and Manchester City at the Liberty Stadium on May 15, 2016 in Swansea,...

Leicester City sacked manager Craig Shakespeare last week.

Craig Shakespeare, manager of Leicester City looks on prior to  the Premier League match between AFC Bournemouth and Leicester City at Vitality Stadium on September 30, 2017 in Bournemouth,...

Leicester City last week took the surprise decision to sack manager Craig Shakespeare, ending his eight-month spell in charge of the club.

The Foxes beat Swansea City 2-1 on Saturday afternoon, but former boss Shakespeare lost his job just days before the game, having drawn 1-1 at home to West Bromwich Albion last Monday night.

Michael Appleton took caretaker charge against Swansea and could be in line for the job, but just eight months after replacing Claudio Ranieri, Shakespeare is out of a job, and Leicester are again in the market for a new manager.

Claude Puel, Manager of Southampton looks on during the Premier League match between Southampton and Stoke City at St Mary's Stadium on May 21, 2017 in Southampton, England.

With that in mind, bookmakers have already been pricing up odds for who could replace Shakespeare, and here are five of the main movers tonight with Sky Bet...

Claude Puel: 8/11

Frenchman Puel has emerged as the shock favourite today, with his odds crashing to 8/11. The former Southampton boss lost his job at St. Mary's Stadium at the end of last season, and whilst he was linked with a return to France, he remains out of work. The 56-year-old was solid if unspectacular at Southampton last season, and is now the surprise frontrunner to earn a return to the Premier League with Leicester.

Manuel Pellegrini: 4/1

Chilean boss Pellegrini will be best remembered by Premier League fans for his three years in charge of Manchester City, where he won one Premier League title and two League Cups. Now in China with Hebei China Fortune, Pellegrini is being strongly linked with a return to the Premier League with Leicester. At 4/1, the former Real Madrid and Malaga boss is second favourite, and is a name to keep an eye on. 

Ronald Koeman: 14/1

Sacked by Everton today, Dutchman Koeman's time at Goodison Park was hit and miss, impressing in his first season but struggling massively this term. Koeman lost five of his first nine Premier League games this season, and Sunday's 5-2 home defeat to Arsenal proved to be his last game in charge. Koeman has immediately appeared in the running for the Leicester job, but at 14/1, he remains something of an outsider.

Everton's Dutch manager Ronald Koeman reacts on the touchline shortly after Arsenal scored their second goal during the English Premier League football match between Everton and Arsenal at...

Michael Appleton: 16/1

Appleton's stint as caretaker manager got off to the perfect start on Saturday with the 2-1 win at Swansea, but he suggested that he is happy to remain as an assistant at the King Power Stadium. The former Manchester United youngster impressed as manager of Oxford United before surprisingly moving on to Leicester over the summer, and whilst he is 16/1 for the job, more impressive results as caretaker could see him earn major consideration.

Roberto Mancini: 22/1

A former Leicester striker who was linked with the position after Ranieri's exit, Mancini is again in contention with bookmakers at 22/1, but a move seems unlikely. The Italian only took over at Zenit St. Petersburg over the summer, and it seems unfathomable that he would leave Russia so soon after taking the reins. Still, his links to Leicester have him in the running, and his odds make him something of an outsider.

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