The Magpies head into Sunday's final game of the season against West Ham knowing that either themselves or Hull City will be relegated to the Championship, with Newcastle's season well and truly falling apart since the departure of manager Alan Pardew to Crystal Palace in January.
Interim boss John Carver has lost nine of his last ten games in charge, and his total record reads two wins from 19 games, plunging Newcastle into relegation trouble.
Whether Newcastle stay up or not, it's clear that they will be appointing a new manager this summer - and they may have been handed the perfect opportunity to land one.
The Independent report that Derby County boss McClaren will be sacked by the Rams in the very near future - and despite failing twice already, Newcastle will make another bid for the ex-England manager.
According to the report, Newcastle tried to snap up McClaren, 54, in January after Pardew's departure as well as following the recent 3-0 defeat to Leicester City, only for McClaren to reject both approaches until his season with Derby was over.
Having missed out on the play-offs, McClaren now looks set to leave Derby and become a free agent this summer, giving Newcastle the perfect chance to bring the former Middlesbrough boss back to the North East - with Sunday almost certainly being Carver's final game in charge of the Magpies.