Frank Lampard (1/7) remains red-hot favourite to succeed Maurizio Sarri at Chelsea but Rafael Benitez's odds have been cut to 4/1 (5.0).
The current Newcastle United boss will leave St James' Park at the end of his current contract on June 30 having failed to agree a new deal.
That news has seen William Hill cut Benitez from 20/1 (21.0) to 4/1 (5.0) in their next Chelsea manager market.
Editors' Picks
Such a move would certainly seem unlikely given the fractured relationship between the 59-year-old and Blues fans during his previous spell in charge which pre-dated his appointment.