I doubt you'll find a true drop-in replacement for the LAN8720, but it uses RMII, so just about any other RMII PHY should work. That's the point of having a "Medium Independent Interface" between the MAC in the ESP32 and the PHY, it should work the same no matter what PHY or what medium the PHY connects to. If the ESP32 supports MII then you have the option of using an MII PHY as well, but this will take four more pins (MII has four bit wide transmit and receive connections, RMII is only two bits in each direction but at twice the clock rate).
So just look for any other PHY that has RMII and any other features you care about. All of the RMII signals (connections to the ESP32) will be the same, and all of the MDI signals (the ones that go through the magnetics to the wire) will be the same, although the way the magnetics are terminated might be different so do whatever the datasheet for the new PHY tells you to. If the ESP32 uses the management interface (SMI, using the MDC and MDIO pins) then those will be the same as well. You may need to configure the pin strapping on the new PHY to make it work the way you want, consult the datasheet and fit the appropriate pullup/pulldown resistors (and maybe leave footprints to change these in case you need to make an adjustment).