The 30-year-old submitted in the fourth-round against the Russian at the weekend, as he failed to reclaim the lightweight title almost two years after winning the belt.
Khabib, 30, is currently the bookmakers' favourite to face the Notorious in a rematch according to Betfair, though a number of other alternatives remain for the Irishman.
Khabib Nurmagomedov – 4/6
The Eagle inflicted McGregor's second defeat in UFC, where he proved to be too strong against his rival.
Following his victory, Khabib climbed out of the Octagon and attacked McGregor's jujitsu coach Dillon Danis.
While the two-weight world champion was involved in a brawl with his opponent's team-mates Zubaira Tukhugov and Islam Makhachev.
The bad blood between the two camps shows no signs of improving, paving the way for an inevitable rematch.
Nate Diaz – 3/1
McGregor has made no secret in the past that he wishes to complete a trilogy of bouts against the experienced American.
Both men have recorded one win over the other, with Diaz inflicting a shock second round win against McGregor in 2016, before losing a five-round war later that year.
The Irish ace has previously said: "Nate Diaz will always have a rematch off of me. He gave me a rematch, I give him a rematch. That's the way it is. When it will happen, I don't know. We will complete that trilogy, no doubt about it."
Tony Ferguson – 8/1
The 34-year-old destroyed lightweight rival Anthony Pettis at UFC 229 at the T-Mobile Arena, establishing himself as a true contender for the title.
He is on an 11-fight win streak following his defeat against Michael Johnson in 2012, and is hellbent on inflicting the fifth defeat on McGregor's MMA career.
Speaking immediately after his fight at the weekend, he said: "I want McGregor, if Khabib doesn't finish him tonight, then I'm going to be the one who does it."
Georges St-Pierre – 13/2
The 37-year-old hasn't fought since last year when he beat Michael Bisping to win the UFC middleweight title, ending a four-year hiatus from the sport.
Despite spending the majority of his career at welterweight, GSP expressed interest in fighting the winner of Khabib and McGrgeor on Submission radio.
However, it is likely the bout would have to be at a catchweight, while McGregor has previously mentioned the prospect of fighting St-Pierre doesn't interest him.
Anderson Silva – 11/2
Don't rule out a super fight against the Brazilian star, though like with GSP, the clash would have to take place at a catchweight, with Silva previously campaigning as a light-heavyweight.
McGregor welcomed talk of a match-up with the ex-middleweight champ, he said: "I'd be interested in an Anderson Silva bout.
With Silva responding by saying: "It would be a great honour to test myself for 'fighting' with Conor McGregor.
"He is an electric fighter, and has already proven that he has to be respected. Let's make this happen!"
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