Newcastle will reportedly ask Kevin Keegan to become the club's new manager in a 'dream partnership' with Alan Shearer after being snubbed by Harry Redknapp.
Speculation is rife in the north-east that Keegan, out of work and out of sight since resigning as Manchester City in March 2005, would agree to return to the club were he to be approached.
The Mail on Sunday claims that the Toon will make 'a sensational offer' to Keegan this week and 'plan to link the former England and Newcastle boss in a dream partnership with Tyneside hero Alan Shearer in a bid to erase the damage done to Mike Ashley's reputation by Redknapp's shock about-turn.'
However, both Mark Hughes and Gerard Houllier remain prominent in the betting to replace Sam Allardyce.
It had been thought that Ashley was determined to employ a homegrown manager but Redknapp's withdrawal has altered that thinking.
According to the Sunday Mirror, former Liverpool boss Houllier 'is interested in the Newcastle job' and meets the criteria of boasting Premiership 'managerial experience' and a 'proven track record'.