According to the Daily Mail, Derby have lined up Real Madrid assistant coach Paul Clement as their new manager to replace McClaren, but the current boss is still employed by the Championship club.
He is expected to leave, and it is believed that he will move to St James’ Park, to attempt to revitalise the ailing Tyneside club next season.
However, the new report claims that McClaren has not yet been approached concerning a move to the North East, since he was first contacted by Newcastle chiefs following the 3-0 loss to Leicester.
It was said that the club were keen on hiring him then, with three games left of the campaign, but Derby were refusing to release him with their play-off dreams still alive.
Yet the Midlands club fell out of the play-offs on the final day of the Championship season, and many expect McClaren to leave the iPro Stadium this summer, although there is now no guarantee that Derby will enter the race for him.
The report also claims that the Magpies have ruled out potentially hiring Slaven Bilic, who is set to leave Besiktas at the end of this campaign, and has been linked with the West Ham job.
The Croatian manager is keen on working in the Premier League, but the Chronicle understands that Newcastle have no intention of hiring him and he is not being considered as a potential manager.