Pereira is likely to be sacked from Olympiakos sooner than later with the Portuguese manager being in advanced talks with Fenerbahce.
Olympiakos are edging closer to announce his successor and the favourite to succeed Pereira in charge is the Elche manager, Fran Escriba.
The 50-year-old Spanish manager will probably leave Elche and his name is high in Olympiakos's shortlist.
Apart from Escriba, Juande Ramos and the Malaga manager Javi Gracia are also among the contenders for the Olympiakos job.
