West Brom manager Tony Mowbray has emerged as the front runner to become the next manager of Celtic.
Gordon Strachan ended his four-year reign at the Parkhead helm with an official announcement on the club website on Monday afternoon.
Sportsmail understands that Mowbray and Owen Coyle head the shortlist of affordable replacements despite the Burnley boss distancing himself from the job just moments after leading his side to the English Premier League.
West Brom boss Tony Mowbray is the front runner for the vacant managerial role at Celtic
Mowbray suffered relegation with West Brom at the end ofthe season but has influential backing within Celtic Park for his appointment after an emotional spell there as a player in the 1990s.
The former Hibernian manager has two years to run on his current contract and would cost Celtic around£500,000 in compensation.
Bookmakers' favourite Coyle, meanwhile, recently reached a verbal agree ment on a new contract at Burnley until 2012 and yesterday's dramatic play-off win over Sheffield United at Wembley could make England's topflight an irresistible lure.