Kevin Sheedy would like the Wrexham job

"Obviously, money is a problem - the same as with Swansea. Cardiff City were lucky with Sam Hammam coming in at the right time.

"But the longer it goes on, then the gap becomes wider and wider."

Saunders, who won 75 caps for Wales, added: "All I would say to Wrexham is 'give me a ring'. I would be interested in that sort of thing, especially with it being a Welsh club.

"I would listen to what they have to say."

Another plus as far as Saunders is concerned is the proximity to his Liverpool home, having turned down a player-coach role with Crystal Palace because he did not want to uproot his family once more.

He is currently training at Blackburn and considering an offer of a monthly contract to play and coach with the Premiership side.

Saunders, who took his coaching badge during the summer, said: "Graeme Souness has said I could sign a month-to-month contract with them, and if anything came up I wanted to do - player, management, whatever - then I could go and do it.

Kevin Ratcliffe is the bookies' favourite

"I'm keeping an open mind about things."

One of Saunders' former international colleagues Kevin Ratcliffe is the favourite for the Wrexham vacancy, created by the departure of Flynn and Kevin Reeves after 12 years in charge.

Although his Shrewsbury side are currently second in Division Three, Ratcliffe said he is flattered to be the front-runner.

"It flatters you if you are put up for any job, whether you are a player or manager. The speculation is flattering."

And an ex-Everton team-mate of Ractcliffe's also put his name in the frame, Kevin Sheedy.

The former Tranmere assistant manager said: "I would like to be considered very much. There's a lot of potential here with a fine stadium and tremendous facilities and I'm sure there would be plenty of candidates."