Darren Ferguson has held talks with Peterborough over a shock return to the npower League One club as manager.
The 38-year-old led Posh to successive promotions during his previous stint at London Road before leaving in 2009 with them lying bottom of the Championship.
Ferguson was sacked by Preston just after Christmas following a poor run of results, and Posh have confirmed he has met with chairman Darragh MacAnthony.
Peterborough parted company with previous boss Gary Johnson on Monday after he fell out with MacAnthony over club policy matters.
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