The Palace job is an interesting proposition for many candidates. A fairly stable London-based Premier League club could be very appealing for a young up and coming manager or an old warhorse looking for a new challenge.
Planet Sport runs you through the bookies favourites to reignite a promising Crystal Palace side.
We can't ignore the fact that some of the foundations of Chelsea's success this season were laid down by Frank Lampard. His sacking in January 2021 has seen the former England midfielder linked with many jobs, but he is yet to be installed in a new role. Could a move to south London be on the cards?
After promising beginnings at Derby and mixed results at his former club Chelsea, the jury is still out on whether Lampard has proven his quality as a manager.
After spending much of May as the red-hot favourite for the Palace job his odds have drifted in the last few weeks.
Although Lampard's trust in young players is favoured by Palace chairman Steve Parish, it is looking increasingly unlikely that he is the man for the job.
Nuno Espirito Santo
The former Wolverhampton Wanderers boss is still available, despite being linked with every vacant job across Europe. He didn't have a great season with Wolves, but is still in the running for the Palace job with the bookies.
Nuno has been in talks with the club and has been reported to be on the verge of signing, but there's no ink on any contract just yet.
After years of keeping Bournemouth in the Premier League, Eddie Howe could be the man to transform and develop Crystal Palace.
Howe has been out of work since 2020 and is looking for a new venture after Bournemouth finally dropped out of the top flight at the end of the 2019/20 campaign.
Howe reportedly rejected Celtic, could he be on his way to London.
After securing Swansea's place in the 2021 Championship play-off final, Steve Cooper has caught the eye of the bosses at Crystal Palace.
With reports of Cooper's agent being spotted at Selhurst Park, it is looking increasingly likely that the 41-year-old could take the managerial hotseat at Palace.
Although the Swans failed to secure promotion to the Premier League, Cooper's style could be the perfect fit for the Eagles.
A new chapter for Sean Dyche could be approaching as he is amongst the favourites to become the next Crystal Palace manager.
The Burnley boss has kept his team in the Premier League for the past five years. However, the ongoing lack of investment at Burnley could finally drive him to different shores.
Rumours have been circulating that Dyche could be making a switch to London. However, his name is always mentioned when it comes to vacant Premier League jobs, and yet he still remains at Turf Moor.
A return to the Premier League for Chris Wilder could be on the cards as he looks for a new role after leaving Sheffield United.
Wilder left the Blades in March after five years in charge, resurrecting the club from the bottom of League One to Premier League football within three years.
During his first season back in the Premier League, Wilder finished ninth, Sheffield United's best season in the top flight since 1991/92.
Wilder impressed during his tenure in the top flight, but will it be enough to interest the bosses at Crystal Palace?
The Frenchman was looking like a likely favourite when Hodgson announced his departure from Palace. However, as we move closer to crunch time, Ismael's price has drifted south.
After an impressive Championship season with Barnsley finishing fifth, the Tykes were lining up an unlikely return to the top flight. Then they met Swansea in the play-off semis.
It is reported the French coach was a favourite with several members of the Eagles' boardroom, but Steve Parish needs a bit more convincing.
After a disappointing campaign in the Premier League for Scott Parker and Fulham, the former PFA Player of the Year might be handed a lifeline with Palace.
The young manager was close to keeping Fulham in the top flight and showed glimpses that with the right squad he could develop into a top manager.
However, a new adventure south of the Thames seems unlikely according to the bookies.