Rayo Vallecano manager Paco Jemez looks set to stay at the club.
According to AS, Rayo Vallecano manager Paco Jemez will choose to stay at the club for two more years despite speculation of a move to Newcastle.
Dropping back down to the Championship would be a disaster for Newcastle, but Carver will be replaced in the dugout this summer whether he keeps the club in the top flight or not.
A host of managers have been touted for the job, including Rayo boss Jemez after a recent report from Spanish newspaper Marca.
Jemez, 45, has managed the likes of Alcala, Cordoba, Cartagena, Las Palmas and now Rayo, earning plaudits for his attacking brand of football with the relative minnows of La Liga, as well as being one of the most charismatic managers in Spanish football.
Unsurprisingly, those plaudits have now led to rumours, with Marca reporting that Newcastle were considering a surprise move to make Jemez their new manager this summer when Carver's short-term deal ends at the end of the season.
However, AS now report that Jemez is moving closer to signing a new two-year contract extension, with his current deal set to expire next month - and leave Newcastle to go back to the drawing board in search of a new boss.