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In the 2024 European Championship final on Sunday at the Olympiastadion in Berlin, England was painfully defeated by Spain.
With a late winner, Mikel Oyarzabal condemned the Three Lions to a second straight defeat in the Euros final, prolonging their 58-year title drought.
However, Southgate, whose present contract is set to expire in December, has come into sharp focus.
Throughout the battle, the 53-year-old received harsh criticism for his cautious strategies and realistic approach.
Nevertheless, it is still true that Southgate, who has been leading the Three Lions since September 2016, led them to consecutive European finals, the 2018 World Cup semifinals, and the last eight of the 2022 World Cup.
But if he chooses to leave, who is most likely to replace him as England manager?
Graham Potter is firmly in the driving seat at Evens with William Hill, having previously been available at 6/1 before the tournament started in Germany.
Magpies manager Eddie Howe is next at 3/1.
The Newcastle boss, 46, has long been admired by the FA and has proven his credentials over the last couple of seasons by guiding Newcastle to a top-four finish in the Premier League and qualification for the Champions League.
Mauricio Pochettino is next at 4/1 following his departure from Chelsea having guided them to an unlikely sixth-placed finish last season.
Lee Carsley is also in the mix at 10/1 having overseen England win the European Under-21 Championship in 2023, which was their first title in the competition since 1984.
Manchester City’s Pep Guardiola is available at 10/1 to swap domestic success for international glory with his contract at the Etihad Stadium expiring in June 2025.
Fellow legendary manager Jurgen Klopp is considered the best of the rest at 16/1 having left Liverpool at the end of last season.
Next at 4/1 is Mauricio Pochettino, who left Chelsea after leading them to an unexpected sixth-place result the previous year.
Having managed England’s 2023 victory at the European Under-21 Championship—their first in the competition since 1984—Lee Carsley is also a contender at 10/1.
The contract that Pep Guardiola has with Manchester City expires in June 2025, thus he is available at 10/1 to trade domestic triumph for international glory.
Having left Liverpool at the end of the previous season, fellow renowned manager Jurgen Klopp is regarded as the best of the rest at 16/1.
Graham Potter has been tipped to be the next manager of England ever since he made his Brighton debut.
He was the favorite to succeed Southgate for a long time, and his miserable Chelsea tenure did not persuade the bookies to think otherwise. He has now returned to this role.
After leaving Stamford Bridge in early 2023, the 48-year-old is still unemployed, but there have apparently been plenty of offers.
It doesn’t seem probable that Potter will be out of a job for very long, and maybe he’s been waiting for this tournament to end in the hopes of getting the best position.