The bookie’s markets have been suspended this morning and Monk has appeared as the firm favourite.
The former Leeds United manager has fallen down from 12/1 to 2/1 to take the hotseat.
According to top betting site Betvictor, there has been a flurry of activity and are no longer betting on the next manager market.
Mark Warburton, Uwe Rosler and Gordon Strachan were all above Monk in the betting at 10/1, until now.
The quick turn of the market suggests a deal is close to being struck.
What do you think Blues fans, is Monk the right man for the job?