Roy Hodgson's current contract as England manager is set to expire after next year's European Championship.
Hodgson is due to hold contract talks with the FA some time over the next year but it's unclear whether he will choose to continue. His and the FA's decision will obviously be influenced by how the team performs at Euro 2016.
When Hodgson does leave his position, who will replace him? Here are the top ten favourites with Paddy Power evaluated.
GARY NEVILLE (6/1)
Experience: England Coach (2012-)
The former Manchester United man is the bookies favourite for the job. Neville was appointed to the England coaching staff by Hodgson on 14 May 2012.
He has been balancing his England responsibilities with his punditry commitments with Sky Sports since then. It seems that the 40-year-old may soon have to choose between a career in punditry and a career in management. The England manager would not be able to do both.
Neville lacks managerial experience but he still has a lot going for him. Firstly he's played under Sir Alex Ferguson so some of the Scotsman's managerial prowess has surely rubbed off on him. Neville also has three years experience in the England coaching set up.
Neville would be an intelligent choice as he is someone who knows the players and who's excellent career would mean he'd command respect. It's apparent that he's won a lot of rival fans over with his punditry work so there should be little criticism of his Manchester United past if he is appointed.
PEP GUARDIOLA (10/1)
Experience: Barcelona B (2007-2008), Barcelona (2008-2012), Bayern Munich (2012-)
A manager who's record speaks for itself. The Spaniard has won 20 trophies during his eight year managerial career. There has been suggestion that he could soon be on the way out of Bayern Munich and he has been linked to both the Manchester clubs.
If he was appointed England manager then he would be the third foreign manager after Sven-Goran Eriksson and Fabio Capello. It would be a new experience for Guardiola who hasn't managed at international level before. However it seems unlikely that Guardiola will be the man to replace Hodgson.
He would undoubtedly be a very expensive option and the FA has showed before that this is an important factor in their selection process.
Guardiola also seems to only take charge of successful teams and England does not fall into this category. Managing England would be a challenge that he's not likely to be attracted to. He may well go on to manage in England but don't get your hopes up of him managing the national team.
GARETH SOUTHGATE (12/1)
Experience: Middlesbrough (2006-2009), England U21 (2013-), England U20 (2014)
It's been suggested that Southgate is being groomed to take over the senior England team when Hodgson leaves the position. It seems that Southgate and Neville will be the two front runners for the job. Southgate has not won a trophy during his managerial career.
Middlesbrough were relegated under his management when they finished 19th in the 2008/09 season. Southgate was sacked the following season despite the club being in fourth position in the Championship and only a single point away from the top of the table.
He wasn't involved in management again until he replaced Stuart Pearce as England U21 manager in 2013. He was involved with the England U20 the following year. Southgate has an impressive record with the U21, the team has won 16 of his 19 games in charge, drawing one and losing two.
He will be a leading contender for the England job because he's someone that the the FA will be familiar with. Success with the England U21 at the ongoing European Championships would help his cause but expect his name to be in the mix regardless.
JOSE MOURINHO (14/1)
Experience: Benfica (2000), Uniao de Leiria (2001-2002), Porto (2002-2004), Chelsea (2004-2007), Inter Milan (2008-2010), Real Madrid (2010-2013), Chelsea (2013-)
Mourinho was approached to succeed Steve McClaren as England manager after leaving Chelsea in September 2007. Mourinho has since claimed that he was 'hours away' from taking the job before Fabio Capello was appointed.
We can only wonder where England would be today if Mourinho had taken the job in 2007. The Portuguese has 22 trophies to his name and has enjoyed success in four of the top leagues in Europe.
He would undoubtedly bring a great deal of confidence and charisma as well as a much needed winning mentality to the England national team. He has had success at almost every club he's managed, so could he do the same with England?
Sadly Mourinho managing England is nothing more than a dream, he now seems content at Chelsea and doesn't look like leaving his position any time soon. Like Guardiola, Mourinho would be an expensive option that the FA would be unlikely to favour. Instead we can only wonder what might have been.
ALAN PARDEW (14/1)
Experience: Reading (1999-2003), West Ham (2003-2006), Charlton (2006-2008), Southampton (2009-2010), Newcastle (2010-2014), Crystal Palace (2015-)
Alan Pardew being appointed England manager would be a surprise, then again few saw Roy Hodgson as a leading candidate back in 2012. The Englishman has plenty of managerial experience to his name.
Amongst his best managerial achievements are winning the play-offs with West Ham in 2005 and taking them to the FA Cup final in 2006. Pardew does not have a trophy to his name during his managerial career. In the 2011/12 season he led Newcastle to 5th in Premier League, just four points off the top four.
However the fans soon turned on Pardew as the team failed to repeat the heroics of that campaign. The fans protested to try and get Pardew removed from his position. However Pardew was not sacked by Newcastle instead he left the club to take charge of Crystal Palace in January 2015.
When he took over Palace were in the relegation zone but Pardew managed to lead them to a tenth place finish, the clubs highest ever in the Premier League. This made Pardew the first manager to take over a club in the relegation zone and eventually lead them to a top half finish.
However though Pardew has proven himself as a capable manager his career has been shrouded in controversy. In March 2014 he head butted Hull City's David Meyler and was fined £60,000 by the FA. Unfortunately it is moments like this that will ultimately put the FA off approaching the Englishman to succeed Hodgson.
DAVID MOYES (20/1)
Experience: Preston (1998-2002), Everton (2002-2013), Manchester United (2013-2014), Real Sociedad (2014-)
Could David Moyes be the first Scotsman to manage England? It seems extremely unlikely that it will ever happen. Two years ago Moyes had an excellent reputation in the game mainly due to his work at Everton.
When he took over at the club they were in real danger of relegation but during his time at the club he established them as regular top half finishers. In the 2004/05 season he led the team to their only top four finish. However Moyes' team failed to make it through the qualification rounds into the Champions League.
Despite not winning a trophy at Everton he established himself as one of the most capable manager's in the Premier League. Moyes' rise was complete when Sir Alex Ferguson hand picked him as the man to replace him at Manchester United following his retirement.
Things started well at United as the team won the Community Shield in Moyes' first competitive match in charge of the team. However things soon took a turn for the worst. The 2013/14 campaign was a disastrous one for United as they finished in seventh position meaning they missed out on the Champions League for the first time since 1995.
Moyes was sacked on 22 April 2014, ironically this followed a 2-0 defeat by his former club Everton at Goodison Park. Moyes' sacking meant that he was the shortest serving United manager in 82 years. His experience at United has done some damage to his reputation in the game.
He has since gone on to manage Real Sociedad guiding them to a respectable twelfth place finish in La Liga. He has already been linked to a number of Premier League jobs this summer and a return to England's top divison seems more likely than a spell in charge of the national team.
GLENN HODDLE (20/1)
Experience: Swindon (1991-1993), Chelsea (1993-1996), England (1996-1999), Southampton (2000-2001), Tottenham (2001-2003), Wolverhampton Wanderers (2004-2006)
If Hoddle was appointed England manager then he would be the first man to have managed England twice. Hoddle has not managed since he stepped down from the Wolves job in 2006. A return to the England fold seems very unlikely especially when you consider the controversy that surrounded his first stint in charge.
He was questioned for his decision to omit Paul Gascoigne from the 1998 World Cup squad and was criticised for appointing supposed faith healer Eileen Drewery as part of the England coaching staff. England managed to reach the second round of the 1998 World Cup where they were eliminated by Argentina following a penalty shoot-out.
Hoddle was again criticised following England's poor start to qualification for Euro 2000. On 30 January 1999 Hoddle gave an interview to The Times in which he tried to defend himself and the team.
However the interview backfired due to Hoddle's controversial beliefs that disabled people were being punished for sins in a past life. The FA terminated Hoddle's contract on 2 February 1999. He may boast a 60% win rate but the controversy that he caused means the FA are not likely to approach him again.
TIM SHERWOOD (20/1)
Experience: Tottenham (2013-2014), Aston Villa (2015-)
A man who quite clearly loves the game, Tim Sherwood would bring a great deal of enthusiasm and commitment to the role. However the Englishman has limited managerial experience. He was appointed the new Tottenham manager following the sacking of Andre Villas-Boas in 2013.
He led the team to a sixth place finish in the Premier League. Sherwood heavily criticised his players during his post-match interviews, particularly after a 4-0 defeat to Chelsea in May 2014. It is brutal honesty like this that has made Sherwood a popular figure with football fans.
Failure to qualify for the Champions League resulted in his sacking at the end of the 2013/14 season. Sherwood was linked to a number of Premier League jobs and was eventually appointed as the new Aston Villa manager in February 2015.
He took over a team in danger of relegation but saved the team from the drop, in part by getting the best out of Christian Benteke who hit excellent form following Sherwood's appointment. The team finished in seventeenth, three points above the relegation zone.
Sherwood also led the team to the FA Cup final where they they were humiliated by Arsenal, losing 4-0. Sherwood is still in the process of establishing himself as a manager so the England job is one he seems unlikely to be in the running for.
His often brutal honesty would also make him an unattractive candidate for the FA as they wouldn't want such an outspoken figure in charge of the team.
GARRY MONK (20/1)
Experience: Swansea (2014-)
Garry Monk has done a truly outstanding job at Swansea. He was a surprise appointment when he was selected to replace Michael Laudrup in February 2014. The Englishman has gone on to prove that he is more than capable of managing in the Premier League.
While serving as an interim player-manager he saved the club from relegation which resulted in him being handed a three year contract in May 2014 to take over on a permanent basis.
The 2014/15 campaign began well as Swansea recorded their first ever league win at Old Trafford beating Manchester United 2-1. The season proved to be an unprecedented success as the Swans finished eighth, their highest ever Premier League finish. The 59 points that Swansea accrued was also their highest ever points tally in the Premier League.
During the campaign Swansea also became only the third side to do the double over both Manchester United and Arsenal in the same season. Swansea's success meant that Monk was touted by many as the league's manager of the season.
Monk's managerial rise has been nothing short of extraordinary and if he carries on in the same vein then he will be an outstanding candidate for the England job when Hodgson departs.
HARRY REDKNAPP (22/1)
Experience: Bournemouth (1983-1992), West Ham (1994-2001), Portsmouth (2002-2004), Southampton (2004-2005), Portsmouth (2005-2008), Tottenham (2008-2012), QPR (2012-2015)
Redknapp was the fans and media's choice to replace Fabio Capello in 2012. It was assumed by many that the Tottenham manager would be given the job. Redknapp himself commented that it would be difficult to combine his responsibilities at Spurs with the England job. The FA instead appointed West Brom manager Roy Hodgson and the rest, as they say, is history.
It is still debated why Redknapp was not given the job, at the time he was the stand out candidate for the job but the FA have stated that Hodgson was the only man that they ever approached. Many saw Hodgson as the cheaper option for the FA and believed that they were unwilling to buy Redknapp out of his contract at Tottenham.
Another potential reason is the fact that he was on trial for tax evasion around the same time, although he was acquitted before Capello resigned as England manager.
Redknapp continued at Tottenham and led them to another fourth place finish in 2011-2012 season but the side missed out on qualification for the Champions League due to Chelsea winning the competition. This was enough for Daniel Levy to sack Redknapp on 13 June 2012. Redknapp was appointed QPR manager later that year but couldn't save them from relegation.
He guided the team back to the Premier League the following season by winning the play-offs. However he resigned as QPR manager in February 2015 to undergo knee surgery. It is unclear whether Redknapp will return to management but at 68 his chance of managing England has come and gone.