Tottenham are reportedly running out of patience with Ange Postecoglou after their two-goal collapse in a 4-3 defeat to Chelsea on Sunday.
The Australian boss enjoyed a fine start to life in north London following his appointment in June 2023, with his side even tipped as title contenders after a fast start last year. But their form has fallen off a cliff this term and Spurs find themselves 12th in the table below Bournemouth and Fulham with 20 points from 15 games.
Their latest defeat in the London derby comes just days after Postecoglou was involved in an angry confrontation with fans after losing to Bournemouth, and their loss was their fifth in nine Premier League games.
If Levy does decide to pull the trigger on the former Celtic boss, there will be a long list of candidates vying for the job. Express Sport looks at five potential candidates to be Spurs' next manager.
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Kieran McKenna
Rumours continue to swirl suggesting that McKenna will be the frontrunner to take the vacancy should Postecoglou depart, but it would represent a move to come out of left field for Levy.
Having appointed experienced coaches such as Postecoglou, Antonio Conte, Nuno Espirito Santo and Jose Mourinho since sacking Mauricio Pochettino in 2019, it shows his preference for managers with a full CV rather than a budding coach with the world-class potential.
The 38-year-old guided Ipswich back to the Premier League for the first time in 22 years with back-to-back promotions, an impressive feat that shouldn't go unmentioned. But the Tractor Boys have struggled with only one win in 15 Premier League games and are 19th in the table.
Why would Spurs entrust McKenna to lift them out of this slump? Well, his only win this season came against Spurs, so he may be able to identify where their issues lie within the squad. He also spent seven years playing with Spurs' academy and rejoined the club in 2015 as an Under-18s coach, before going on to work at Manchester United.
His prior knowledge of the club and relative success in the lower leagues could put him at the top of Levy's list, even if his appointment carries a large amount of risk.
Thomas Frank
If Levy is looking for a plug-and-play replacement for Postecoglou, he won't do much better than Brentford manager Frank. The Dane is a well-respected coach in the Premier League after turning the Bees into a top-flight mainstay.
He's popular with his players, honest in defeat and charismatic on the sidelines. The 51-year-old also has an eye for talent, bringing in Bryan Mbeumo, Yoane Wissa and Christian Norgaard for modest fees and reaping the rewards.
There's also a pragmatic approach to how he prepares for games - unlike Postecoglou he's not married to one style of play and the west London side are effective from set pieces, which is all the rave right now. What's more, Brentford boast the best home record in the league and have scored 26 goals in eight home fixtures.
Of course, he has never managed a club bigger than the Bees and Spurs would represent be a significant step up in terms of external pressure. But hiring Frank may be the most obvious choice if Postecoglou is handed his pink slip.
Graham Potter
Spurs have a tendency to hire former Chelsea managers when the going gets rough - Jose Mourinho and Antonio Conte to name a few - and it hasn't worked before. That said, is seven months really a fair amount to judge Potter's reign at Stamford Bridge?
This is the type of job he has been waiting for, rejecting approaches from Crystal Palace and West Ham in recent months, as he firmly believes he belongs at the top of the game.
The 49-year-old's preference for slow possession football is a direct contrast to the high-tempo football on display from Postecoglou's men. But it does offer more defensive security, something that has deserted Spurs this season.
It may well be a marriage of convenience for Spurs and Potter to join forces when they need a show of faith. Likewise, Levy may feel it's time to hire an Englishman as a permanent manager, having not done so since Harry Redknapp in 2008.
Fabian Hurzeler
Premier League chairmen and owners have a weakness for paying heaps of money for shiny new things and taking the plunge on the manager of the moment is one of their favourite activities. Levy may not consider himself to be amongst that group of gentlemen, but even the Spurs supremo must be impressed with how Brighton have fared under Hurzeler, the league's youngest-ever manager at 31.
The German clearly has something in his locker after guiding St Pauli back to the Bundesliga in his first professional job before his shock appointment by the Seagulls. Since taking over, the South Coast outfit have lost only three times out of 15 games, with their extraordinary comeback to beat Spurs 3-2 at the Amex arguably the highlight of his reign.
Of course, Hurzeler's side have displayed some tactical naivety hauntingly similar to Postecoglou, often failing to defend sturdy leads as highlighted by their 2-2 draw with Leicester - despite leading 2-0 with 86 minutes on the clock.
And the expense of hiring a manager only six months into a three-year contract may be something Levy is looking to avoid.
Edin Terzic
If success is the one thing that Spurs are striving for, then hiring a manager who took Borussia Dortmund to their first Champions League final in 11 years might be a good start. Terzic, 42, is arguably one of the biggest names on the market who would jump at the chance to work in the Premier League after two eye-catching stints with the Schwarzgelben.
The German guided them to the DFB-Pokal in 2020-21 in his stint as caretaker after succeeding Lucien Favre and, when hired for a second time in 2022, he almost snatched the Bundesliga title from Bayern Munich - only to lose out on goal difference after drawing with Mainz 2-2 on the final day.
In his 156 games in charge of Dortmund, Terzic won 103 times and that offers him an impressive win rate of 66 per cent. For context, that puts him comfortably above Mikel Arteta at Arsenal (59 per cent) and Jurgen Klopp at Dortmund (56 per cent).
His Dortmund side played Real Madrid off the park in the Champions League final back in June and a 2-0 defeat didn't do justice to how the game played out. If he can promise the same kind of impact at Spurs, there is no telling just how far he could take them.
