Roberto Mancini is the early favourite to be the next Leicester City manager following the sacking of Claudio Ranieri.
The former Manchester City boss has been installed as the 7/4 frontrunner with Alan Pardew a 5/1 shot and Argentine coach Marcelo Bielsa available at 6/1.
Former Foxes boss Nigel Pearson is just 7/1 to make a shock return to the King Power with Wales incumbent Chris Coleman available at the same price.
Ladbrokes News' William Geldart said: "Claudio Ranieri’s sacking will send shockwaves through the East Midlands but in the aftermath the odds suggest it’ll be Roberto Mancini who steps in to pick up the pieces."
Next Leicester manager odds (from Ladbrokes)
- Roberto Mancini - 7/4
- Alan Pardew - 5/1
- Marcelo Bielsa - 6/1
- Nigel Pearson - 7/1
- Chris Coleman - 7/1
- Jurgen Klinsmann - 8/1
- Gary Rowett - 8/1
- Roy Hodgson - 10/1
- Ryan Giggs - 10/1
- Harry Redknapp - 12/1
- Craig Shakespeare - 12/1
- Mark Warburton - 16/1
- Martin O'Neill - 16/1
A statement issued by Leicester City vice-chairman Aiyawatt Srivaddhanaprabha on Thursday read:
"This has been the most difficult decision we have had to make in nearly seven years since King Power took ownership of Leicester City.
"But we are duty-bound to put the club's long-term interests above all sense of personal sentiment, no matter how strong that might be.
"Claudio has brought outstanding qualities to his office. His skilful management, powers of motivation and measured approach have been reflective of the rich experience we always knew he would bring to Leicester City.
"His warmth, charm and charisma have helped transform perceptions of the club and develop its profile on a global scale. We will forever be grateful to him for what he has helped us to achieve.
"It was never our expectation that the extraordinary feats of last season should be replicated this season. Indeed, survival in the Premier League was our first and only target at the start of the campaign.
"But we are now faced with a fight to reach that objective and feel a change is necessary to maximise the opportunity presented by the final 13 games."