Date: 4th February 2011 at 8:47am
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Former Wednesday player Gary Megson is the favourite to return to Hillsborough and become the Owls’ new boss, according to reports this morning.

The former West Brom boss has been one of the front-runners since Alan Irvine departed Hillsborough on Thursday morning and reports on Skysports.com are today putting him as firm favourite to land the job.

Wednesday chairman Milan Mandaric has already confirmed that Megson is on a shortlist of four potential new managers of the club.

That despite the 51-year-old walking out on him at Leicester City after a matter of weeks to take the role of manager at Barclays Premier League side Bolton Wanderers.

Mandaric has already said that: ‘I’m interested in Gary, but whether he gets job, that’s different.

‘He’s top drawer and has tremendous experience. I rate him highly.

‘He’s the only manager who has earned me money thanks to the compensation I received for him.’

Megson made 223 appearances for Wednesday in two different spells at Hillsborough, following in the footsteps of his dad Don, who was one of Wednesday’s greatest ever players.

He cut his managerial teeth at Norwich City and Blackpool before being best known for a successful stint at West Brom. He then moved on to manage Nottingham Forest, Leicester and Bolton.

Former Peterborough United and Bristol City boss Gary Johnson is also understood to be on Milan Mandaric’s shortlist, as is Notts County manager Paul Ince, while Roy Keane has been linked.

But Megson remains the favourite and would arrive at Hillsborough after a year out from the game.