Sam Allardyce's reign as Everton manager has been ended unceremoniously after less than six months in charge at Goodison Park, according to British media on Wednesday.
Allardyce went on to lead the Toffees clear of safety to an 8th place finish, however fans never took to the former England boss, and now Everton have opted to cut short his tenure as they look to move in a different direction, with Silva expected to bag the job.
Former Watford boss Marco Silva is the bookies' favourite to become the next Everton manager after Sam Allardyce was sacked today.
"We have made the decision that, as part of our longer-term plan, we will be appointing a new manager this summer", said new chief executive Denise Barrett-Baxendale.
Despite signing an 18-month deal, Allardyce seemed resigned to his fate after Sunday's 3-1 defeat at former club West Ham, during which Everton supporters called for his sacking.
"Sam was brought in at a challenging time last season to provide us with some stability and we are grateful to him for doing that", she added. "Generally there's no smoke without fire".
Asked about Everton's current situation, Stubbs told talkSPORT host Jim White: "I'm pretty sure they have someone in mind".
Allardyce took over the reins on November 30 previous year, six months after leaving a similarly short stint at Crystal Palace.
The 40-year-old Portuguese was owner Farhad Moshiri's first choice when he dismissed Dutchman Koeman.
Everton scored only 44 goals in 38 outings in the league, the second lowest tally of all teams outside the bottom six, and with the future in mind, the club have decided to make a change.
Watford are still understandably irked by Everton's attempts to unsettle Silva over a two-month period during his preliminary stages at Vicarage Road, with reported offers of up to £12 million, in an attempt to hijack his services early.