So, who wants to be the best-paid manager in world football?
And who wants to put up with the media intrusion that inevitably accompanies the England job?
BBC Sport looks at who is showing an interest in replacing Sven-Goran Eriksson and who wouldn't touch it with a bargepole.
The Bolton boss is the early favourite with the bookies to take the place of Sven-Goran Eriksson.
Sam Allardyce is the early favourite with the bookies for the job
His no-nonsense gruff English exterior is the polar opposite of Eriksson - but it masks a shrewd tactical approach which has worked wonders with Wanderers.
But he is not getting carried away, telling BBC Radio Five Live: "Now is the time to basically be quiet about it and get on with my job whether I'm employed to do it by Bolton Wanderers or not and not let anything else distract me from that.
"Of course, being the bookies' favourite is something that I really do appreciate, from outside and what seems to be the peoples' point of view, but it's just about me getting on with my job now."
Guus Hiddink would consider the England job, according to his agent
Hiddink's agent Cees van Nieuwenhuizen said the Dutch coach, currently in charge of PSV Eindhoven and Australia, would certainly put himself forward as a candidate.
The Dutchman took Holland to the final four at the 1998 World Cup, South Korea to the semi-finals in 2002 and has led Australia to this year's tournament.
Van Nieuwenhuizen said: "There's been no contact but he would definitely be interested in hearing from the FA.
"We don't live too far away from England, so we follow the media in England and we know what's going on there, but that would definitely not be a reason for him to say 'no' beforehand.
"Guus is receiving offers every now and then and for him, money is definitely not the first reason to go into a job, if he was approached at all."
After 15 years at The Valley, Charlton chief executive Peter Varney admits Curbishley could be looking for a new challenge.
He said: "We passionately want Alan to stay here, we want to build this into a top-six club with a 40,000 capacity and we believe Alan Curbishley is the man to do that.
"However, it is the biggest job in football and if it is a challenge Alan wants to take up we always said we wouldn't stand in his way. That remains the situation."
Wigan chairman Dave Whelan was putting forward his manager's credentials before Eriksson had even made his intentions known.
Jewell has distanced himself from the speculation but Whelan said: "I know if they knocked on his door and said 'Paul, we are offering you the
job' there's no question he would jump at it.
"Whatever he says to the press, I know Paul is an ambitious person. He is brilliant and good enough to do it, as is Sam Allardyce, Alan Curbishley or
"I'm not saying Paul would get it, but he has to be a candidate as he is one of the six great young managers we have in this country."
Pearce, who epitomised the fighting bulldog spirit in his 78 appearances for England, says he is embarrassed at suggestions he should be the new coach, after just a season in charge at Manchester City.
He said: "It is pathetic and I find it quite embarrassing.
"I can't understand why people make statements touting me - an absolute amateur - for the England job.
"This must be the only industry in the world where you can have a total novice, who has not even been in management for one year, being touted for the top job in English football. "
Reading director of football Nicky Hammond said he was delighted Coppell was being mentioned, but the manager would be concentrating on getting the Royals into the top flight for the first time.
He said: "To be connected with such a prestigious role is naturally very flattering for both Steve and Reading.
"I know Steve is 100% focused on our team and trying to achieve our ultimate aim of bringing Premiership football to Madejski Stadium and we'll not be distracted from the task in hand."