Steve McClaren emerges as shock new favourite to become Sheffield Wednesday's next manager

A general view of Sheffield Wednesday's Hillsborough stadium on April 26, 2016 in Sheffield, England. The fresh inquests into the 1989 Hillsborough disaster, in which 96 football...

McClaren left Sheffield Wednesday's promotion rivals Derby County earlier this year.

Steve McClaren manager of Derby County looks on during the Sky Bet Championship match between Derby County and Burton Albion at the iPro Stadium on February 21, 2017 in Derby, England

Former Derby County manager Steve McClaren has emerged as shock new favourite to replace Carlos Carvalhal at Sheffield Wednesday.

McClaren, who was sacked by Derby in March, is returning to England after leaving his position as a coaching consultant with Israeli side Maccabi Tel Aviv.

Following the news, the 56-year-old has surged to the front of the betting to become Wednesday's next manager. McClaren went from 18/1 to 5/6 with one bookmaker [Sky Bet], with previous favourite Paulo Fonseca, currently of Shakhtar Donetsk, drifting to 4/1.

Manager Gustavo Poyet of Sunderland looks on during the Barclays Premier League match between Sunderland and Aston Villa at Stadium of Light on March 14, 2015 in Sunderland, England.

Former Brighton and Sunderland boss Gus Poyet is another interesting mover, with his odds cut from 20/1 to 11/1 on Thursday.

As well as Derby, Yorkshireman McClaren has managed Middlesbrough, Nottingham Forest, Newcastle, FC Twente, Wolfsburg and England, with mixed success.

Sheffield Wednesday currently sit 14th in the Championship, having finished fourth and sixth in the past two campaigns.

Could McClaren be bound for Sheffield Wednesday?

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