Brendan Rodgers has been backed for the Celtic job

The odds on Brendan Rodgers becoming the next Celtic manager have been cut following a flurry of bets.

The former Liverpool boss has been cut to 7/4 to be in charge of Celtic on the first day of the 2016/17 season with Sky Bet, following a wave of support.

On Thursday, out-of-work Rodgers was the subject of a gamble which saw some firms make him an odds-on favourite to replace Ronny Deila at Parkhead.

"The money for Rodgers looks significant and if it continues, our current price will have to be cut again," said Sky Bet's Sandro Di Michele.

"We are approaching that time of year when our various manager and transfer markets grab a lot of attention and this is the first serious gamble of what's sure to be a very busy summer.

"Should Rodgers take over, I'm sure we'll also see interest in a number of his former players moving north of the border."

Ronny Deila (middle) will be leaving Celtic in the summer

When the market opened in April, David Moyes and Neil Lennon took turns as favourite but they're now 6/1 and 12/1 respectively, with former Celtic midfielder Paul Lambert now tucked in behind Rodgers at 3/1.

Rodgers is quoted in a number of other markets and is in fact Sky Bet's 4/1 favourite to be the next England manager following Roy Hodgson, while at a lower level he can be backed at 5/2 to take the helm at Derby and 25/1 for the Aston Villa job.