Plymouth Argyle's board of directors will meet on Friday to begin the search for a new manager.
The club parted company with John Sheridan on Thursday by mutual consent after two-and-a-half years at Argyle.
Sheridan said he wanted to spend more time with his family who are based in the north of England.
A source close to the board told BBC Sport they will discuss the "characteristics and the process for appointing the next manager".
Former Portsmouth manager Andy Awford, who left Fratton Park last month, says the Plymouth vacancy would interest him.
"I would be very interested if a club the size of Plymouth was to be interested in me," he told BBC Sport.
Meanwhile former Plymouth captain and current coach at Home Park Paul Wotton, and former manager Ian Holloway, have both refused to speculate on the role when contacted by the BBC.
Holloway, who managed Argyle between 2006 and 2007, is out of work after being sacked by Millwall in March.
Wotton, who retired from playing this summer, played 491 times for the Pilgrims in two spells.
It is understood that it will take at least a week to 10 days for Argyle to come to a decision on a successor for Sheridan.
The new manager will be the second to be appointed by current chairman and owner James Brent, who took over the club in October 2011.