Tim Sherwood and Bernd Schuster have been linked with the role, but the Shields Gazette appears to suggest neither will take the role.
The Magpies have been without a manager since the departure of Alan Pardew during Christmas period when he moved on to Selhurst Park to take over Crystal Palace.
Therefore John Carver is likely to remain in caretaker charge until the end of the season. So far, Newcastle have played four games under Carver but have yet to register a win - which included them being dumped out of the FA Cup by Premier League basement battlers Leicester City.
The report also says that links with former Real Madrid manager Bernd Schuster are wide of the mark, while Tim Sherwood distanced himself from any reported interest in the job on Tyneside yesterday.
Carver remains the favourite to land the role on a permanent basis with the bookies at a best price of 11/5, and it seems that his games in charge could prove to be a job interview.
The next game for Newcastle and Carver is a trip to Hull City in the Premier League next weekend, where the side will be expected to at least take something against a Tigers side that is desperately struggling to hold on to their Premier League status this season, as they currently sit a point adrift from safety.
Newcastle are currently eight points ahead of their opponents, so a loss for them would make things a little more uncomfortable than they need be, having not win in their last three league matches. Next weekend would provide the perfect opportunity for Carver to begin his work of throwing his hat into the ring.