Espirito Santo, 53, was brought into replace Graham Potter back in September but results haven’t improved under the former Wolves and Nottingham Forest boss.
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West Ham are now winless in their last seven Premier League games as they sit in 18th with just 13 points from their 18 games.
According to journalist Ben Jacobs, West Ham are seriously considering his future and could turn to Bilic to help steady the ship.
Bilic admitted to TalkSPORT that he came close to returning to West Ham before they opted to appointed Espirito Santo.