Forest continue search for manager after Davies' sacking

ITV News Central understands Stuart Pearce is set to be unveiled as the new manager of Nottingham Forest.

The club has called a press conference at 12.30pm today.

This comes after the club owner and chairman Fawaz Al Hasawi dismissed Billy Davies on March 24 after eight games without a win.

Former Nottingham Forest captain Stuart Pearce has confirmed he is still in talks with the club about becoming their new manager.

It follows Billy Davies' sacking last month.

Pearce, who played at Forest for 12 years, turned down the job last week, but it now appears he may have made a u-turn.

He told talkSPORT: "I'm still chatting with Nottingham Forest. That will continue. That's the best I can say at the moment."

READ: Stuart Pearce odds 1/10 to take Nottingham Forest vacancy

The latest odds for Nottingham Forest manager role:

Stuart Pearce - 1/10

Gianfranco Zola - 16/1

Gary Brazil - 16/1

Steve Clarke - 16/1

Leonardo Jardim - 18/1

Malky Mackay - 18/1

Glenn Hoddle - 25/1

Dean Saunders - 28/1

Nigel Clough - 28/1

Roy Keane - 28/1

Brian Laws - 28/1

(Odds courtesy of SkyBet and correct at time of publication)

Nottingham Forest are not only searching for their first win in eight league games but they are also on the hunt for a new manager following the sacking of Billy Davies earlier this week.

Forest travel to Ipswich in the Championship this afternoon.

But who is the current favourite to take the vacancy at the City Ground?

Gianfranco Zola - 9/4

Steve Clarke - 6/1

Martin O'Neil - 6/1

Glenn Hoddle - 6/1

Malky Mackay - 7/1

Nigel Clough - 8/1

Leonardo Jardim - 14/1

Dean Saunders - 16/1

Roy Keane - 20/1

Stuart Pearce - 25/1

(Odds courtesy of SkyBet and correct at time of publication)

Former Nottingham Forest captain has turned down the chance to go back to the club as a manager.

Speaking to talkSPORT he said:

I've had a chat with them but at this moment in time, for personal reasons, I've decided not to take it any further.

After playing for the club for 12 years he said there was an 'emotional pull' but felt he was not the man after holding talks with chairman Fawaz Al Hasawi.

Former Nottingham Forest captain, Stuart Pearce, is thought to be considering a return to the City Ground to replace Billy Davies as manager.

According to SkyBet, he's now 13/8 to take over the manager's role at Forest after Davies was sacked.

Pearce is one of a long list of potential candidates for the job including Gianfranco Zola and former Tottenham boss Glenn Hoddle.

Glenn Hoddle has emerged as the bookies' favourite for the Nottingham Forest job following the sacking of Billy Davies.

The former England coach has not managed a side since stepping down from the Wolverhampton Wanderers role in 2006.

Forest owner, Fawaz Al-Hasawi, reportedly has Hoddle and former Watford manager Gianfraco Zola on his shortlist to replace Davies - who was sacked following the club's 5-0 defeat to rivals Derby County.

Former Forest player Stuart Pearce and Malky Mackay have also been linked with the role.

Watch: Gary Birtles says it's vital 'club makes right decision' over new manager

Nottingham Forest fans wait to find out who will replace Billy Davies as manager of the club.

He was sacked yesterday after the club's 5-0 defeat to local rivals Derby County.

Former Notts County manager Neil Warnock was tipped to take the job but ruled himself out last night.

Former Forest striker, Gary Birtles say it's vital the club make the right decision.

Nottingham Forest are continuing to search for a new manager following the sacking of Billy Davies yesterday.

Latest odds (Courtesy of Sky Bet):

• Gianfranco Zola 5/6
• Stuart Pearce 8/1
• Leonardo Jardim 12/1
• Malky Mackay 14/1
• Martin O'Neill 16/1
• Neil Warnock 18/1
• Steve Clarke 25/1
• Dave Jones 25/1
• Roberto Di Matteo 25/1
• Peter Shilton 33/1
• John Robertson 33/1
• John McGovern 40/1
• Stan Collymore 50/1

Neil Warnock has ruled himself out of becoming Nottingham Forest's new manager, despite being hotly tipped to take the role after Billy Davies was sacked yesterday.

There were reports the former Leeds United boss had met with Forest's chairman and owner Fawaz Al Hasawi, after the club's 5-0 defeat against arch rivals Derby County on Saturday.

But, it seems a move to the City Ground for Warnock is off the cards. In an interview with The Independent, he said:

"I did not feel the conditions of the job were right for me to manage. I wish them well for the rest of the season."

Al Hasawi has revealed that academy manager Gary Brazil will take charge of first-team affairs until a permanent appointment is made, starting with tonight's home game against Charlton.

Read: Forest owner stresses patience as club look for new manager