Nigel Pearson has joined Kevin Phillips as the bookmakers favourite to become the next Sunderland manager.
Pearson has been out of work since leaving his post at Derby County in October last year.
Phillips worked as part of Pearson's backroom team at both Derby and Leicester City previously. He remains at Pride Park as part of Gary Rowett's staff.
The pair are at 4/1 with most bookers, with Roy Keane currently the third favourite after a flurry of bets since David Moyes' departure. A return to Wearside for the Irish Assistant Manager seems highly unlikely as it stands.
Fulham boss Slavisa Jokanovic has seen his odds halved since markets opened. He has previously lifted Watford out of the Championship and took his Craven Cottage outfit into the play-offs this season, despite the departures of influential strikers Moussa Dembele and Ross McCormack last summer.
He is reported to have a break clause in his contract and worked with Martin Bain at Maccabi Tel Aviv, but whether he would be prepared to leave his flourishing squad and London base is another matter.
Sheffield Wednesday boss Carlos Carvalhal is a late arrival in some markets at 10/1, having faield to gude the Owls out of the play-offs.
Sunderland Chairman Ellis Short has promised a 'period of reflection' before any decision on a successor to Moyes is made.