Stoke City boss Tony Pulis would not stand in the way of his assistant Peter Reid if he was offered the manager's job at Bolton Wanderers. Pulis told BBC Radio Stoke: "If Peter came to me and said he wanted to be a manager again, there's no problem.
"If people think there is something out there that was better for themselves, I would always go with them."
Reid, who played for Bolton for eight years from 1974, has not managed in the Premier League since leaving Leeds in 2003.
But the Potters chief said any approach from Bolton for Reid would have to be done in the correct manner.
"I don't know about the speculation," he said.
"If it's the case, I would be desperately disappointed if Peter doesn't speak to me first and Bolton didn't speak to this football club first."
Megson had previously worked under Pulis as a coach at Stoke and he was unhappy to see his former colleague lose his job.
"Gary's a decent person and I'm disappointed for him, but that's the way football goes," added Pulis.
"If results don't go your way there's always going to be that element of supporters who are not happy with what you do and what you don't do. You have to accept that."