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Published 19:15 28 Apr 2016 BST
Updated 19:15 28 Apr 2016 BST
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The former European Cup winner with Borussia Dortmund spent eight seasons at Parkhead from 1997 to 2005, and has managed six clubs since he hung up his boots in 2006.
Ronny Deila is coming to the end of his time at Celtic Park, and Ladbrokes have today installed Lambert at 4/1 to take over the role.
David Moyes still leads the betting at 9/4 and Malky Mackay, like Lambert, is also at 4s but recent news is likely to see a flood of money on the former Norwich manager to make Celtic his next role.
Lambert famously had Roy Keane as his assistant at Aston Villa and the Corkman seemed to have no interest in taking over at Parkhead when asked earlier this month.
https://twitter.com/Denis_Hurley/status/722732411675680768?ref_src=twsrc%5Etfw
However with Lambert now in the running for the post, could the Irishman and the Scot be a dream-team for the Bhoys faithful?
https://twitter.com/Sbcfc88/status/725667006683324417

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