The Spaniard is open to a future in the Premier League.
The Spaniard has worked wonders at Rayo Vallecano in recent times and Newcastle United are in need of a new manager.
Now, Jemez has opened up about a potential switch to the Premier League. The Rayo boss was speaking to Vavel when he stated:
"Players, coaches and presidents come and go, what remains is the club and the fans.
"The Premier League is a nice place, where football evolves very rapidly and is a step up in economic potential. It's a different mentality and culture.
"I would like to manage there someday, but I do not know when I will. I still have not have made a decision about my future."
It certainly appears as though 'Paco' is open to the idea of a switch to English football from La Liga.
Newcastle United are of course in a hunt for a new manager. Alan Pardew left for Crystal Palace at the start of the year and John Carver's temporary spell in charge has been nothing short of a disaster.
Paco has been in charge at Rayo since 2012 and led the Madrid based club to it's best ever La Liga finish of eighth in 2013. They are currently 11th in the table and have worked off of a shoe-string budget. With just six points separating them from Malaga in seventh, it has been yet another fantastic season considering Rayo's financial situation.
Newcastle United would seem to be on to a winner with Paco and his contract with the Spanish side is up in the summer. The Magpies are right to be considering him.