Holloway, who was previously successful as manager of Queens Park Rangers, is also said to be in contention for the position at Leicester which became available when Gary Megson was the surprising choice to become the new manager of Bolton.
Martin Allen, who also left Leicester this season, is said to be the frontrunner, although Charlton coach and former Colchester boss Phil Parkinson is also rumoured to be a contender.
Unemployed ex-Wigan chief Paul Jewell is many people's favourite for the job, while the Pierre Littbarski-Ian Crook combination seems to have been a non-starter.