The Wrexham managerial hotseat is up for grabs once more and the betting market is awash with odds for potential candidates.

Bryan Hughes' departure was confirmed late on Wednesday night and the Reds are now looking for their fifth manager in 18 months.

Whoever succeeds Hughes will face the unenviable task of transforming the club's ailing fortunes in the National League.

Touted among the promotion-favourites in pre-season, Wrexham currently sit 21st in the table and are just two points off the bottom after 12 games.

So who is the right man for the job? Here are five of the best-placed contenders for the role according to bookmakers Paddy Power (odds correct at the time of publication).

Andy Morrison (11/10 favourite): In his four-year stint in charge of Connah's Quay Nomads, former Manchester City captain Morrison has worked hard to end the The New Saints' dominance of the Welsh Premier League.

And though the league title has eluded Nomads to date, Morrison has overseen a Welsh Cup win, a Scottish Challenge Cup final and four successive Europa league campaigns with the Flintshire club.

The 49-year-old may feel that he has earned the right to manage on a bigger stage.

Dean Keates (2/1): The former Reds boss left the Racecourse for hometown club Walsall in March 2018.

His tenure at the relegation-threatened League One club was ended just over a year later following run of 10 defeats in 13 games.

Graham Westley (10/3): An experienced lower league manager who was most recently at Barnet before his sacking in March last year after just two games in charge.

Chief among Westley's previous achievements was leading Stevenage into the Football League in the 2008/9 campaign.

Ian Culverhouse (4/1): Currently in charge at high-flying National League North side Kings Lynn Town, Culverhouse boasts a wealth of playing experience.

The former defender made over 400 appearances for Norwich City and Spurs among others, before taking on assistant managerial roles at both Norwich and Aston Villa.

Scott Ruscoe (9/2): After winning nine Welsh Premier League title with The New Saints as a player, Ruscoe is now in his third season at the helm with the reigning Welsh champions. Would the Wrexham board consider an approach for the Shrewsbury-born 41-year-old?

Kevin Nolan (7/1): The former Bolton, West Ham and Newcastle midfielder was sacked after his second spell in the dugout with Notts County.

The 37-year-old is the youngest among the frontrunners for the job and could now have a point to prove in management.

Punters interested in placing a wager on the next Reds appointment may look for better value in the market.

Wrexham-born coach Adam Owen, who managed at Polish side Lechia Gdansk and worked alongside Chris Coleman for both Wales and Chinese side Hebei China Fortune, has been sighted among the crowd recently at Wrexham's home games.

No odds are currently available for Owen, but could the lifelong Reds fan be a leftfield choice for the role?

Former Macclesfield manager Sol Campbell is available at 25/1, with the same price on offer for former Reds boss Dean Saunders and Manchester United legend-turned outspoken pundit Roy Keane.

Wrexham devotee and Twitter icon 'Bootlegger' (real name Karl Phillips) is also in the running, with 500/1 odds available on the self-styled 'captain' of The Racecourse.