According to a report in the Daily Mail, Steve McClaren is the only manager Newcastle United are considering for next season.
The Magpies have been looking to make a long-term appointment ever since Alan Pardew departed to join Crystal Palace in January, and it seems that McClaren is the man they want to bring on board.
The former England manager has a good relationship with the club's chief scout, Graham Carr, and it is thought that this is a major reason why they feel he is the right man to take them forward.
Derby are understood to be desperate to keep hold of McClaren, who has done a hugely impressive job at the iPro Stadium, but Newcastle are said to be so set on appointing the 53-year-old that they are willing to pay the £2 million compensation package the Rams are demanding.
Newcastle received £3.5 million from Palace when they appointed Pardew and they feel this sum offsets the cost of hiring McClaren.
At the moment, McClaren is said to be fully focused on guiding Derby to promotion to the Premier League, with the Rams currently occupying a play-off spot, but if they do fail to go up, then a move to St. James' Park could be tempting.
The North East club are said to be happy to give McClaren a sizeable transfer budget to enhance the quality of his squad and they are keen to convince him to move to Tyneside as soon as possible.