Sky Sports reporter Kaveh Solhekol has shared an update on Everton and their hunt for a new manager to replace Frank Lampard.

The Toffees are now looking for an heir to their most recent boss amid their quest for Premier League survival, just a year after Lampard was appointed to the Goodison Park helm.

Everton have been heavily linked with former Leeds United boss Marcelo Bielsa alongside the likes of Sam Allardyce and Carlos Corberan.

The club have also shortlisted both Sean Dyche and Ralph Hasenhuttl for the role with Solhekol, speaking on The Transfer Show, sharing an update on the Merseyside club's search.

The Latest: Everton want appointment 'by Friday'...

It is believed that the club want an appointment to be made 'by Friday' and Bielsa remains owner Farhad Moshiri's top target.

Solhekol believes his potential heir would be a 'risky' one and it may make more sense to go for a name like Hasenhuttl or Dyche.

He stated (via Sky's transfer blog, Wednesday, 17:18):

"The latest information we have is that Everton want to appoint a manager by the end of this week - by Friday. The names in the frame are Marcelo Bielsa, Sean Dyche and Ralph Hasenhuttl.

"Bielsa is the No 1 choice of the owner Farhad Moshiri but in the past it has been a collective board decision. If you're in the situation Everton are in, which one of these makes the most sense to get them out of trouble?

"Bielsa may be a little bit risky and maybe it would make more sense to go for Dyche or Hasenhuttl. Given the situation Everton are in, it won't be easy to attract a manager."

The Verdict: Bielsa's credentials...

The 67-year-old, whilst not exactly enjoying the best of ends to his Leeds career, still won the hearts of their supporters and could encourage a brand of attacking football.

Bielsa, if given the job, could implement an exciting style of play over time and potentially lift Everton supporters off their seats.

The Argentine's philosophy is to simply press opponents relentlessly and win the ball back as soon as possible upon it's turn over, and in possession, every one of his players is afforded the freedom of finding their own pockets of space.

At it's best, this unique system creates an expansive, free-flowing team, though at it's worst it can leave teams vulnerable defensively.

Bielsa's philosophy, though, has attracted huge praise from managers like Pep Guardiola - who has called the South American boss' teams 'alpha teams' for the whole world to enjoy.

Of course, with Everton deep in a fight for relegation, this possible hire could either seriously pay off or hurt Everton deeply.

The question, as ever in football, is risk vs reward.