Nottingham Forest have drawn up a four-man list of targets for their next manager with Ryan Giggs the ambitious name featuring.

Mike Phelan, Kenny Jackett, and Oscar Garcia have also been discussed as potential candidates to fill the vacancy created after Fawaz Al-Hasawi sacked Philippe Montanier on Saturday night.

Owner Al-Hasawi is searching for his eighth permanent manager since taking control of the club in 2012 and has placed academy chief Gary Brazil in temporary charge.

Manchester United legend Ryan Giggs is wanted by Forest owner Fawaz Al-Hasawi

Philippe Montanier has been sacked by Nottingham Forest as they await a takeover

But the Kuwaiti does want to appoint a new manager in a bid to guard Forest suffering a destabilising relegation into League One. The side are in 20th place, three points above the drop zone.

Al-Hasawi had expected to sell the club for £50million to American businessman John Jay Moores but pulled the plug on Friday night after the former San Diego Padres owner attempted to drive the price down to almost a quarter.

Montanier was then dismissed after Forest's 0-0 draw at Birmingham, a result the ended a sequence of five conservative defeats but extended the winless run to eight in all competitions.

Giggs is now the standout name on Forest's list and was also targeted last summer with Al-Hasawi a big admirer of the former Manchester United winger.

Phelan, recently sacked at Hull, Jackett, who resigned after 39 days in charge of Rotherham in November, and Garcia, currently in charge of Red Bull Salzburg, are all expected to be sounded out too.