We take a look at what lies ahead for the ex-England manager.
The former England manager has a remarkable managerial CV which stretches back to 1976 and includes 15 different clubs, four countries and over 1,000 games managed.
His most recent achievement was being awarded the LMA Manager of the Year award in 2010 after steering Fulham to the Europa League Final where they eventually lost to a strong Atletico Madrid side in extra time. Beyond that, you have to go back to 2001 for his last piece of silverware as a manager where he won the Danish double with Copenhagen, a league that the club have gone on to win a further nine times out of 15 attempts since Hodgson’s departure.
Post Copenhagen, Hodgson has had eight managerial positions including stints at the likes of Udinese, Liverpool & England, but has been unable to add to his trophy collection.
The big question is, What’s next for Roy? According to the bookies, Sunderland looks his most likely destination with odds of 6/1 on offer with their Premier League rivals Bournemouth next on the list at 7/1.
Unsurprisingly, the current incumbents, Sam Allardyce & Eddie Howe, have both been linked with the England role Hodgson left this week.
Will Roy be able to salvage his reputation as a manager or is it time the 68 year-old call time on his distinguished career?