A 2-1 defeat at Leicester on Monday night means Chelsea sit 20pts adrift of the high-flying Foxes, a scenario that was clearly unacceptable to the Stamford Bridge board.
The early signs are that Guus Hiddink has been lined up to take over until the end of the season, with the former Blues boss backed into as low as 1-5 in places.
Carlo Ancelotti, another former incumbent of the Stamford Bridge hot seat, is also prominent in the betting to return to West London, but Chelsea will surely have their sights now set on Pep Guardiola, who is rumoured to be leaving Bayern Munich at the end of the season.
The former Barcelona boss is being widely tipped to move to the Premier League in the near future but bookmakers are at odds as to whether Chelsea can attract the hottest property in football management, with his price ranging from 5-1 to 12-1.
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