Leicester City chairman Milan Mandaric hopes to name a new manager before Monday.
Paulo Sousa was sacked by the Foxes yesterday.
Mandaric sold the Foxes in August to Vichai Raksriaksorn, the Thai millionaire behind Asian Football Investments, but has stayed on as interim chairman.
He said: "It's important we bring in an experienced manager and it's important we complete the process quickly.
"We have a short-list of three candidates, all experienced managers, and we have to move quickly after these unfortunate events.
"We must do it quickly to satisfy the needs of the team and the supporters' expectations, within the next 48 hours."