Report: Manuel Pellegrini interested in holding talks with Leicester City and Everton

However, the former Manchester City manager is said to earn more money than Leicester or Everton have ever paid a boss.

Manuel Pellegrini, Manager of Manchester City looks on from the touchline during the Barclays Premier League match between Manchester City and Arsenal at the Etihad Stadium on May 8, 2016...

The former Manchester City manager, Manuel Pellegrini, is interested in holding talks with Leicester City and Everton, according to Sky Sports.

Both clubs are looking for a new boss after sacking Craig Shakespeare and Ronald Koeman respectively this month.

And appointing Pellegrini, a Premier League and two-time League Cup winner at City, could appeal to the pair.

Craig Shakespeare (R), Manager of Leicester City laughs with Ronald Koeman, Manager of Everton during the Premier League match between Everton and Leicester City at Goodison Park on April...

Pellegrini is currently in charge of Hebei China Fortune, however – a position he has held since August 2016, having replaced the former Everton midfielder Li Tie – and has two years left on his contract.

According to Sky Sports, Hebei would want a significant sum in compensation top part with the Chilean, whose wages are said to be higher than Leicester and Everton have ever paid for a manager.

Pellegrini has also managed Malaga, Real Madrid and Villarreal – with whom he ended Everton’s Champions League hopes 12 years ago – since moving to European football in 2004 from River Plate.

Sean Dyche manager of Burnley gestures during the Premier League match between Chelsea and Burnley at Stamford Bridge on August 12, 2017 in London, England.

Sky Sports adds that the Burnley manager, Sean Dyche, remains a front runner for both Leicester and Everton.

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Report: Manuel Pellegrini interested in holding talks with Leicester City and Everton