Newcastle United are searching for a new manager after Rafa Benitez made the decision to leave at the end of his contract.
The Spaniard's bombshell has subsequently sparked speculation aplenty over who will replace him at St James' Park.
There have been wild rumours such as Jose Mourinho taking up the role and even former midfielder Joey Barton making the jump up from Fleetwood Town.
But there are also an array of more realistic options who have been linked with the job.
The usual names such as former Manchester United manager David Moyes and Burnley boss Sean Dyche have been touted but they are not even among the top three candidates according to the bookies.
Betway have provided their latest odds on the Newcastle managerial situation and it's a certain former Arsenal star who leads the way.
Mikel Arteta has been building a strong reputation as a coach since 2016 at Manchester City under the guidance of Pep Guardiola.
The former Everton and Arsenal midfielder has been linked with the Magpies' job and has been installed as the 11/4 favourite by Betway.
A Premier League winner in Claudio Ranieri is next up at 5/1, with the former Leicester City and Chelsea manager having recently been at the helm of Roma during the 2018/19 season.
“Punters have been reluctant to latch onto a favourite since the next manager market went live last week, but the latest move for Mikel Arteta could be the most significant clue yet in the race to replace Rafa Benitez at Newcastle," Betway’s Alan Alger said.
“Jose Mourinho headed the market at 4/1 on Monday but it would seem the ‘special one’ is no longer the one for Newcastle, now sitting fourth in the betting at 8/1, while Arteta has been backed from 11/4 into 6/1.
“Claudio Ranieri continues to be popular with punters, shortening once again to 5/1, having initially been installed at 20/1, while Giovanni van Bronckhorst is an interesting contender for the post at 7/1.”
Next Newcastle manager odds
| Mikel Arteta | 11/4 |
| Claudio Ranieri | 5/1 |
| Giovanni van Bronckhorst | 7/1 |
| Jose Mourinho | 8/1 |
| David Moyes | 9/1 |
| Garry Monk | 9/1 |
| Sean Dyche | 10/1 |
| Chris Hughton | 12/1 |
| Steven Gerrard | 12/1 |
| Anthony Hudson | 14/1 |
| BAR | 16/1 |
