Leicester are looking for their third manager this season after Martin Allen was sacked and his replacement Gary Megson departed after six weeks to go to Bolton, and many have been linked with the job. But once Milan Mandaric denied any interest in Holloway it was evident he was the man he wanted.
Holloway had pledged his loyalty to Argyle, spoke about how much he enjoyed living in the area, but that was a few days ago and today he tendered his resignation as manager of Plymouth. That hasn't been accepted as yet but will be discussed at a board meeting on Friday.
It is less than two years ago that Holloway's keenness to go to Leicester ended with him being placed on gardening leave at QPR for a few months and lightening could just strike twice if the Argyle board think the same way.
The most likely outcome though is that they realise Holloway no longer wants to be there and they let him go and get themselves a new manager, whilst Holloway moves to Leicester and one of the more insecure management jobs in English football.