David Moyes has emerged as one of the early front-runners after Ronald Koeman left Everton on Monday afternoon.
The Toffees were thrashed 5-2 at home to Arsenal on Sunday, and that result proved to be the final straw for the Dutchman as the club slipped into the relegation zone.
Moyes, who managed Everton for 11 years before moving to Manchester United, has been without a job since resigning as Sunderland boss in May this year and can be backed at 4/1 (5.0) with Paddy Power to return.
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The Scotsman has one of the highest win percentages in the club’s history at just over 42 percent, whilst his 518 games in charge of the Toffees is currently the fourth-most of any Everton manager.
However, Burnley boss Sean Dyche - who has also been heavily linked to the vacant Leicester City job - is the bookies' favourite at 15/8 (2.88).
The Clarets have made a superb start to the Premier League season and currently sit in eighth place - five points ahead of Everton - despite a 3-0 loss at Manchester City on Saturday.
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David Unsworth, who is currently in charge of Everton’s Under-23 side, is also in the running at 7/2 (4.50) and will likely act as caretaker until a replacement for Koeman is found.
Another former Manchester United boss in Louis van Gaal is available to back at 4/1 (5.0). The Dutchman has been unemployed since being fired by the Red Devils last summer and could be keen on a return to the management after a reported move to Bayern Munich fell through.
Elsewhere, Roberto Mancini and Sam Allardyce are priced at 7/1 (8.0), Eddie Howe is quoted at 11/1 (12.0) and Darren Ferguson, Carlo Ancelotti and Chris Coleman can be backed at a chunky 12/1 (13.0).
