The former Hamilton, Norwich and Preston boss is available and has openly admitted he is ready to manage in Scotland again.
Ironically, he was working for BBC Sportsound at Wednesday’s 1-0 defeat by Livingston and said on the radio: "I think I’ll certainly manage in Scotland again if I get the right opportunity.
“Whether that’s short term, as in the next job, or in future I’m not sure.
"My career started in Scotland, I came back to Scotland and I’ll probably come back to Scotland.”
The candidate odds list on McBookie features some vastly experienced managers in the Scottish game and some from down south.
Notable names on the Ladbrokes list include Swiss coach Raphael Wicky, who was sacked by Chicago Fire in September, while former Hearts boss John McGlynn, currently doing a good job at Raith Rovers, is quoted by the bookies but has little chance of considered.
Wicky won the Swiss Super League and Swiss Cup double with Basel in 2017, and also spent two years in Major League Soccer with the Chicago Fire, potentially catching the eye of Hibs owner Ron Gordon.
A former Swiss international midfielder won won 75 caps, Wicky was named the head coach of the United States Under-17 team two years ago before taking charge of Chicago Fire.
He missed the MLS Cup playoffs by one point in 2020, and was fired on September 30 this year.
Ladbrokes make recently-installed academy director Steve Kean the favourite at evens, with Neil at 2/1 and St Johnstone boss Callum Davidson third favourite at 6/1.
They quote Neil Warnock is quoted at 25/1 and Ole Gunnar Solskjaer at 100/1.
Further back in the McBookie odds-list are Dundee boss James McPake and former Hibs midfielder Scott Brown.
Gordon Strachan is also priced for a return to management at 16/1, with Shaun Maloney the same odds to take over.
Alex Neil 5/4
Callum Davidson, David Gray, Derek McInnes 5/1
Jim Goodwin 8/1
Alan Stubbs, Neil Lennon, Paul Lambert, Steve Kean 12/1
Ian Murray, Kevin Thomson 14/1
Gordon Strachan, James McPake, Scott Brown, Shuan Maloney 16/1
Neil Warnock, Sol Campbell, Steve Bruce 20/1
Odds from McBookie correct at time of publishing
Steve Kean - 1/1
Alex Neil - 2/1
Callum Davidson - 6/1
Derek McInnes, Raphael Wicky - 10/1
Garry Monk, John McGlynn - 16/1
Alan Stubbs, Paul Lambert - 20/1
Neil Lennon, Neil Warnock - 25/1
Sol Campbell, Ole Gunnar Solskjaer - 100/1
Odds from Ladbrokes correct at time of publishing