The 51-year-old was dismissed as Bristol City manager in January after a poor run of results in the Championship and is now 10/1 to become the new Magpies boss.
Also deemed to be in the running for the Meadow Lane hotseat is Graham Alexander, who guided Fleetwood Town to promotion in 2013–14 by winning the League Two play-offs, but was sacked in September 2015 after a poor start to the 2015–16 League One season.
The 44-year-old, who clocked up over 150 appearances for Scunthorpe United, Luton Town, Preston North End and Burnley, as well as winning 40 caps for Scotland, is 7/1 to take the reins at Notts.
Top of the bookies' pile is Mark Cooper, formerly of Swindon Town, at 2/1.
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