He was initially priced up at 7/1, but now Nigel Pearson is the odds-on favourite to succeed Claudio Ranieri as Leicester City manager.
In the last few hours our traders have cut the odds on Pearson making a Foxes return from 6/4 to 4/5.
Pearson has been out of the game since leaving Derby County earlier this season, but has been manager of the Foxes twice before.
His last stint ended in the summer of 2015, after he guided the East Midlands outfit to a remarkable run which secured safety in the Premier League.
Other names in the frame include former Crystal Palace manager Alan Pardew and Huddersfield Town boss David Wagner, both available at 12/1.
Former Foxes defender Gary Rowett is 16/1.
Leicester parted company with Ranieri last week, just nine months after the Italian guided the Foxes to a sensational Premier League title.
Results over the weekend pushed the champions into the drop zone, but they can climb out of the bottom three if they beat Liverpool tonight.
We make the managerless hosts 4/1 shots for a crucial three points, as they bid to avoid becoming the first side to be relegated as reigning champions since 1938.
Ladbrokes latest betting
Next Permanent Leicester City Manager
Nigel Pearson – 4/5
Roy Hodgson – 3/1
Craig Shakespeare – 6/1
Guus Hiddink – 8/1
Alan Pardew – 12/1
Roberto Mancini – 12/1
David Wagner – 12/1
Martin O’Neill – 16/1
Gary Rowett – 16/1
Frank de Boer – 16/1
All Odds and Markets are correct as of the date of publishing