Forest Green Rovers chairman Trevor Horsley expects to decide who will be the club's new manager within the next 24 hours.
Player-coach David Brown has been in caretaker charge since the end of July, before Jim Harvey was sacked in August.
A club statement said Rovers had "received over 40 applications for the vacancy for first-team manager".
It continued that Horsley "will be making a final decision in the next 24 hours as to a new appointment".
Forest Green have picked up only one point from their opening eight games this season, including a club record 7-0 defeat at Cambridge United on Saturday.
The club defended the length of time taken they have taken to find a new boss.
"It is only right that the new man at the helm will be chosen for the long-term aspirations of the club and not as a knee-jerk reaction to the start of the season," added the statement.
"The board fully understands [it] was going to be difficult for a variety of reasons, let alone the issues around having to find a new manager."
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