Norwich are believed to have offered Dean Smith the chance to replace Daniel Farke as manager at Carrow Road.
The Canaries have turned to the ex-Aston Villa boss after Frank Lampard pulled out of the running.
Smith was sacked by Villa on 7 November but could now jump straight back into Premier League management.
Norwich sacked Farke on 6 November, only hours after the German had overseen the Canaries' first win of the Premier League season in a 2-1 victory at Brentford.
Smith is expected to make his decision over the weekend but is understood to be keen on a quick return to coaching.
Farke’s spell as Norwich boss was ultimately ended by his side’s chastening 7-0 hammering at Chelsea on 23 October, even though he remained in the job a further two matches.
Smith lost his job at Villa after five straight Premier League defeats, with the Birmingham club’s last victory coming on 25 September with a 1-0 win at Manchester United.