Liverpool's owners are keen for the club's new manager to be in place for at least four to five years, but there is no front-runner at this stage.
Tom Werner and John W Henry have begun the search for the Reds' fourth boss in two years after
sacking Kenny Dalglish
and have a number of names in mind.
The new boss is likely to get a transfer budget of more than £30m.
Intermediaries acting for the club have spoken with Andre Villas-Boas, but he is unlikely to get the job.
Kenny and the Kop
- 10 August 1977:
Liverpool sign Dalglish from Celtic for British record £440,000
- 20 August 1977:
Scores first Reds goal, against Middlesbrough, after inheriting Kevin Keegan's number seven shirt
- 10 May 1978:
Scores winning goal in European Cup final
- 27 May 1981:
Helps Liverpool win another European Cup
Forms a superb strike partnership with Ian Rush, wins PFA Player of the Year
- May 1985
- Appointed Liverpool player-manager. Wins the Double in his first season in charge
- 22 February 1991 -
Announces shock resignation after leading the club in Hillsborough commemorations
- 4 July 2009
- Returns to Anfield in ambassadorial role after spells with Blackburn, Newcastle and Celtic
- June 2010:
Puts himself forward as a possible replacement for Rafael Benitez, but Roy Hodgson is preferred for manager's role
- 8 January 2011
- Appointed as caretaker manager in wake of Roy Hodgson's sacking
- 26 February 2012
- Lifts the Carling Cup with win over Cardiff
- 5 May 2012
- Defeated 2-1 in the FA Cup final by Chelsea on season's second Wembley final
- 16 May 2012 -
Sacked by Liverpool
The Portuguese was sacked by Chelsea in March.
Former Liverpool manager Rafael Benitez is also not thought to be in the running. The Americans are known to have been impressed by Wigan manager Roberto Martinez but no talks have taken place.
Wigan chairman Dave Whelan has often spoken of his admiration for the Anfield club and it is thought he would be willing to grant the Spaniard permission to discuss the post with Henry and Werner.
Liverpool's owners Fenway Sports Group (FSG) are keen to appoint a replacement at the earliest possible opportunity.
Dalglish left for Spain on a planned family holiday on Wednesday night. His wife Marina wrote on Twitter: "Really sad day for us a family but we all remain LFC fans. All so proud of Kenny."
On Wednesday, sources close to Henry were keen to stress the American owners do have a clear vision for the future of the club and are likely to appoint three senior directors in the coming weeks.
Meetings have been held with a number of potential directors of football, including Johan Cruyff and former Barcelona sporting director Txiki Begiristain, while they have also spoken to at least one candidate to fill the chief executive's role.
Henry and Werner are also thought to be close to appointing a new director of communications to replace Ian Cotton.
While the departure of Dalglish has left something of a power vacuum at Anfield, FSG felt they had to act given Liverpool's failure to challenge for a Champions League qualifying place, a clear target at the start of the season.
Liverpool's most recent annual report revealed that the club's prolonged absence from the competition had cost the club a minimum of £30m in revenue each year.
While the owners were encouraged by the Carling Cup victory in February, the first silverware since 2006, it could not cover up the failings of a poor Premier League campaign.
Steve Clarke, Dalglish's assistant, has handed in his resignation out of loyalty to the 61-year-old Scot.