Well, according to a supercomputer, the answer is YES - they'll secure an immediate return to the land of milk and honey in the top tier by finishing second in the Championship.
The supercomputer, powered by AceOdds, simulated the league season 100,000 times and has taken into account all match results from the current season.
It produces projections for the final second tier table after every game, based on both pre-season expectations, fixture difficulty and xG earned both for and against during the season.
The predictions also integrate team financial data and player values from Transfermarkt.
And the latest projections, following Town's historic win at Norwich City and ahead of their trip to Pompey tonight, have Kieran McKenna's men easing to promotion.
The latest supercomputer projections have Frank Lampard's Coventry City winning the Championship title (Image: PA Sport)
Long-time league leaders Coventry City are tipped to cruise to the title, with Town finishing second, five points clear of Millwall and Middlesbrough.
The computer believes that red-hot Southampton will finish fifth, with Hull City taking the final play-off spot.
Town's foes tonight, Portsmouth, are predicted to be relegated, along with Oxford and the already-doomed Sheffield Wednesday.
The full predicted table is...
Coventry City - 92 points
2) Ipswich Town - 84
Millwall - 79
Middlesbrough - 79
Southampton - 77
Hull City - 72
Derby County - 69
Wrexham - 69
Norwich City - 63
Swansea City - 63
Birmingham City - 62
Bristol City - 62
QPR - 62
Watford - 61
Preston North End - 60
Sheffield United - 60
Stoke City - 60
Charlton Athletic - 54
Leicester City - 53
West Brom - 52
Blackburn - 52
Portsmouth - 50
Oxford - 49
Sheffield Wednesday - 5