4) Everton
If Pellegrini does decide to stay in England, then his next opportunity could be at Everton FC. The blue half of Merseyside have had a horrible season, finishing 11th inspite of impressive individual performances by players such as Ross Barkley and Romelu Lukaku.
Perhaps his inability to extract the same level of football from other players was what ultimately cost Roberto Martinez his job. But what he has left behind is a youthful squad that, with the right guidance, can become a force to reckon with.
Although not as high profile as the Manchester City or the Chelsea job, Everton are still one of the biggest names in English football with a passionate fan following. A recent change in ownership could also mean more funds. But will this be enough to tempt Pellegrini? Only he can tell.