Is the past the future for Leicester City?

With the managerial merry-go-round in full swing at the King Power Stadium, names are being thrown around consistently for the next person to fill the hot-seat recently vacated by Nigel Pearson.

With the odds constantly fluctuating, the following are returning candidates that could establish Leicester City as a successful Premier League outfit.

Martin O'Neill

This former Leicester City boss was arguably one of Leicester City's most successful managers in his time on Filbert Way, whilst being  adored by most of the fans before he departed for Celtic. In the five years he was there (1995-2000) the team managed a promotion via the playoffs, three consecutive top-10 finishes, two European campaigns and not to mention the three League Cup final appearances (of which two were won).

This would evidently be a popular appointment for the King Power faithful, but the question remains as to whether he would he be able to cope with modern demands of the Premier League, where sports science is such a crucial part of the running of a club. Also, there are doubts as to whether he would leave the Ireland job, considering they have a great chance of qualifying for the 2016 European Championships in France.

Neil Lennon

Another popular figure who departed for the Scottish Highlands and Celtic Park. One of the bookies favourites, Lennon was described as a "terrier" in the midfield and was never lacking effort or enthusiasm, a trait he has retained throughout his short but ultimately successful managerial career. Associated with Leicester's golden age under O'Neill, he managed to win the club silverware in his four years and departed with ultimate respect from Leicester fans.

As a manger, he led Celtic to three consecutive League titles and also two League cups, complimenting his trophy-laden spell as a player there. Lennon managed to secure near legendary status following a 2-1 win over La Liga giants Barcelona in the UEFA Champions League in late 2012.

Lennon recently moved to Bolton Wanderers where he was given the task of consolidating the team within the division as promotion was already a near impossible task. The relative inexperience of the English game may count Lennon out of this particular job, with a season of relative ease crucial for Leicester with a lucrative television deal coming into play in the 2016-2017 season.

Overall, Lennon would probably be tempted as he holds genuine affection for Leicester but again, his inexperience may count against him. Also, he can be susceptible to the occasional outburst, something that the previous manager Pearson was guilty of.

Steve Cotterill

Not necessarily a name that might be associated with Leicester all that much, Cotterill served as a coach in 2004 under Micky Adams and has been overwhelmingly linked with a return to the Midlands. A somewhat surprising inclusion and one that may be met with some trepidation from Leicester fans.

Cotterill does not possess the glittering career of some candidates for the job with ultimately unsuccessful tenures with Stoke, Notts County and Nottingham Forest. However, his current team Bristol City did win League One at a canter last season, managing to amass 99 points in total. So, Leicester will be receiving a boss bristling with confidence. On the other hand, there is a large void between League One and the Premier League, so there are doubts over whether he will be able to adapt to the larger stage and the increased pressure that is inflicted upon managers.

Leicester fans may not be happy with the appointment of a relatively inexperienced manager, but he does have some recent contact with the club.

Sven Goran Eriksson

A manager who has seen it all and done it all within football, Sven Goran Eriksson is very much an outsider for the vacant post. He boasts an impressive CV featuring England, Manchester City and also two spells at Benfica. However, his time at Leicester is probably perceived as unsuccessful as the team failed to challenge for promotion whilst spending big money on the likes of Jermaine Beckford.

Sometimes seen as a mercenary, Eriksson has continued to jump from one job to the next, earning large contracts for his troubles. Recently, he joined Shanghai SIPG in the Chinese Super League where he will be earning a reported £15 million.

Leicester's owners would struggle to tempt Eriksson from this job and that is probably to the relief of the fans as he is most widely associated with a period of stagnation in Leicester's recent history, even if he is more suited to the Premier League.

Esteban Cambiasso

Another complete outsider for the job at the King Power Stadium but one that the fans would accept with open arms, if just to see the midfield destroyer in the Midlands for one more season. One of the most successful Argentinean players  ever, Cambiasso has earned trophies in Spain, Italy and his native Argentina. He spent the peak of his career winning the domestic treble with Inter Milan under the guidance of Jose Mourinho.

Cambiasso was propelled to cult status by Leicester fans last season as he played a key role in their remarkable 'Great Escape' and has been the subject of constant speculation as to whether he will sign a new contract. He has already rejected offers from numerous clubs most notably West Ham, so it will be interesting to see where Cambiasso will be in the coming season.

His agent has already stated he wants to carry on playing and the fact he has almost no managerial experience at all would probably take him out of consideration for this job.

Whoever the Leicester board appoint they are going to have a tough task, it will be interesting to see how this story develops over the next few days.