Betting odds movement indicates that the former Liverpool manager is the latest favourite for Aston Villa job.
The betting odds has been going against the 52 year old Spaniard with best odds 5.50 with Bet365. Rafael Benitez was sacked from Inter Milan in December 2010 following the consecutive defeats to dip 6th in Serie A, 13 point adrift of the top.
The odds for previous favourite Roberto Martinez has been valued at 8.00 with BoyleSport despite he was closely linked with Liverpool while another hot favourite Norwich manager Paul Lambert is 5.60 with Betfair to succeed Alex McLeish.
Ole Gunnar Solskjaer was so close to Aston Villa but has since drifted away following his claim of flatter for the job.