The Argentine coach, who guided La Albiceleste to the final of the 2004 Copa América, is a 11/8 shot with bookmakers BetVictor, having previously steered the Whites to a top half finish in the PL in 2020/21 following the club’s promotion from the Championship.
Following closely on his heels is Sean Dyche, who enjoyed a decorated decade at Burnley, winning two promotions to the Premier League, securing European football for the Clarets for the first time in half-a-century, and keeping the club in the top flight for six successive seasons.
The 51-year-old former Millwall and Watford centre back, who has been out of work since his shock sacking at Turf Moor in mid-April, is now priced at 2/1 to succeed Lampard in Merseyside.
Evertonian legend Duncan Ferguson is another potential candidate for the role with odds at 8/1. Ferguson has previously managed the Toffees as interim boss in 2019 and 2022.
A few reports suggest Manchester United’s all-time top goal-scorer Wayne Rooney could return to Goodison Park with odds at 12/1.
Here are the other candidates in contention for the role, according to the bookies.
Odds are correct at the time of writing.
5. Sam Allardyce 20/1
WEST BROMWICH, ENGLAND - MAY 16: Sam Allardyce, former manager of West Bromwich Albion, arrives at the stadium prior to the Premier League match between West Bromwich Albion and Liverpool at The Hawthorns on May 16, 2021 in West Bromwich, England. (Photo by Rui Vieira - Pool/Getty Images) Photo: Pool
6. Nuno Espirito Santo 20/1
BURNLEY, ENGLAND - OCTOBER 27: Nuno Espirito Santo, ex-manager of Tottenham Hotspur, looks on following the Carabao Cup Round of 16 match between Burnley and Tottenham Hotspur at Turf Moor on October 27, 2021 in Burnley, England. (Photo by George Wood/Getty Images) Photo: George Wood
7. Lucien Favre 20/1
Nice's Swiss head coach Lucien Favre reacts during the French L1 football match between Stade Rennais FC and OGC Nice at the Roazhon Park stadium in Rennes, western France, on January 2, 2023. (Photo by Damien Meyer / AFP) (Photo by DAMIEN MEYER/AFP via Getty Images) Photo: DAMIEN MEYER
8. Ralph Hasenhuttl 20/1
LONDON, ENGLAND - OCTOBER 29: Ralph Hasenhuttl, Manager of Southampton looks on prior to the Premier League match between Crystal Palace and Southampton FC at Selhurst Park on October 29, 2022 in London, England. (Photo by Alex Davidson/Getty Images) Photo: Alex Davidson