Steve Cotterill. Picture: Steve Reid

The Pirates parted company with boss Darrell Clarke earlier today and they're now on the hunt for a new manager.Â

The bookies have swiftly priced up the marketÂ '“Â and a former Pompey manager is the clear favourite to take over at the Memorial Stadium.

Steve Cotterill has been installed at 5/4 to become Rovers' next manager.Â

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The 54-year-old has been out of a job since he departed Birmingham City in March.

And the bookies feel he's likeliest to be next in the Memorial Stadium hot seat.

If that's the case, he'll face the Blues on January 26.

Cotterill was in charge at PO4 for just more than a year before he left for Nottingham Forest in October 2011.Â