Walter Smith is one of a number of candidates being considered by the Scottish FA to replace Gordon Strachan with the possibility of U21 boss Scot Gemmill working as his number two and potential successor.
The Scottish FA board are due to meet next week to discuss the way forward for the national team, with the list of options to succeed Strachan said to be "strong and long", according to sources.
Smith was Scotland manager from 2004 to 2007, when he resigned to rejoin Rangers for a second spell as manager at Ibrox and Sky Sports News understands that the SFA see Smith as an experienced head who could mentor a younger coach alongside him.
Gemill, who played under Smith at Everton, is also a candidate due to the strong support he has gained from inside the Scottish FA and would be interested in working within the "A" squad setup.
Former manager Alex McLeish has received the backing of some on the Scottish FA board and has expressed his interest in the role.
Sky Sports News also understands that a number of new potential candidates have come forward since Michael O'Neill turned down the job last month and the Scottish FA are without a chief executive after Stewart Regan's resignation last week.
However, Sky Sports News understands the SFA board are still intent on finding a new manager in time for the March friendlies with Costa Rica and Hungary, and that a new CEO may not be appointed until afterwards (due to the length of time normally taken for chief executive officers currently in jobs to move roles).