Sheffield Wednesday chairman Milan Mandaric has confirmed Neil Warnock is on a five-man shortlist to replace Dave Jones as the club's manager.
The prospect of Warnock, a lifelong Sheffield United fan, becoming the club's sixth boss in seven years is sure to divide opinion among Owls fans.
Warnock, 65, was derided by Owls supporters during his eight-year spell as Blades manager from 1999, but Mandaric insisted whoever he chose to succeed Jones, sacked at the weekend, would be in the club's best interests.
Jones' assistant Stuart Gray took charge of the side for Tuesday night's shock 2-1 win over Leicester and has not been ruled out altogether by Mandaric, but is not on the shortlist.
"Stuart is a very good coach, we are very lucky to have him there so it gives us time and an opportunity to take our time in bringing in the proper person rather than rush,"said Mandaric.
"Of course, there is no ruling out and there is some possibility if Stuart can take us on a run."
Asked if Warnock was amongst the candidates to take over, Mandaric added: "Yes he is, but it does not mean that he will be our manager. There are four or five names on that (shortlist) and he is one of them. "
Former Leeds United boss, Neil Warnock, is among the contenders to fill the manager's role at Premier League strugglers Crystal Palace.
Sheffield born Warnock, 64, had a previous spell at Selhurst Park, leaving in 2010 when the club went into administration.
No stranger to a relegation dogfight, Warnock has been out of management since leaving Leeds United April.
Former Leeds manager Neil Warnock wants Mark Hughes to replace him at Elland Road so he can "destroy another team of mine". Hughes, 49, has been linked with the managerial vacancy at Leeds following Warnock's departure on Monday.
Warnock told talkSPORT: "I personally hope Mark Hughes follows me again and
destroys another team of mine.
"I don't think it's a club for a young manager. There is so much going on
behind the scenes it is ridiculous really. It needs somebody who has seen it all
and done it all."
"I laugh when I see some of these names. A) We can't afford the compensation
and B) do you think Mark Hughes would want Leeds United at the moment? It's a
hard one but there are a lot of applicants."
Leeds Utd players Michael Brown and Stephen Warnock admit their side is now in a relegation battle after a 2-1 home defeat to Derby that means they've now gone six games without a win.
Brown also said that he has yet to speak to Neil Warnock, who he also played for at Sheffield Utd, after Warnock's departure last night. Brown went on to say, "the players, like the fans, are speculating as to who will replace him as manager."
The morning after the night before - Leeds United players gather at Flamingo Land for their annual trip the day after manager Neil Warnock quit following 2-1 home defeat to Derby. Their sixth gamewithout a win.
Brian McDermott is the bookies' favourite to replace Neil Warnock with odds of 3/1 this morning, then 5/4. The former Reading manager is followed by Martin O'Neill at 9/2 and Gus Poyet at 7/1.
The Leeds manager quit last night after Leeds lost 2-1 to Derby. Warnock had always maintained he would leave Leeds if the team did not achieve promotion from the npower Championship this season.
With relegation fears now more relevant than Premier League hopes, the club announced his departure in a statement shortly after the game.
Leeds United manager Neil Warnock admits his Championship team will be up against it in Sunday's FA Cup 5th round tie at Premier League Champions Manchester City. Today Warnock also reflected on the latest takeover speculation, and the fans' reaction to the team's disappointing league form.
Leeds United manager Neil Warnock says he's delighted with his three transfer deadline day signings - strikers Steve Morison and Mouhamadou Habib Habibou, and full back Stephen Warnock.
Morison came as part of a swap deal which involved Luciano Becchio moving to Norwich, former England full back Warnock has signed from Aston Villa, and Central African Republic international striker Habibou has been secured on loan for the rest of the season from Belgian side SV Zulte Waragem.
Leeds United manager Neil Warnock has until 4pm today to respond to an FA charge of improper conduct against him. Warnock, 63, was charged by the FA for his comments about referee Mark Halsey following his side's 1-0 defeat at Millwall on Sunday.
Warnock hit out at Halsey in his post-match comments after the official dismissed Luke Varney at The Den. Varney was sent off just three minutes into the second half for an apparent elbow on Adam Smith.
Warnock said: "The amount of effort that's gone into the game and we're talking about a refereeing decision - it's scandalous. When you watch the sending-off again, we don't have thousands of Millwall fans screaming at us.
"It's not caught him where he's holding when he's gone down. Referees aren't as consistent - they've gone backwards, I think. I didn't think someone of Mark Halsey's quality and experience would have gone straight for his red card, and I think he'll be disappointed when he sees it."