Newcastle have yet to approach the former Derby County boss.
The 54-year-old ended his two-season stay with the Rams by departing the club, having suffered an incredible loss of form in the Championship title race, dropping from first place to outside of the play-off places within a few months. The Midlands club ended the season missing out on the play-offs entirely, and McClaren was held to blame.
He has long been touted as a potential manager for Newcastle, as per the same media outlet, with the Tyneside outfit still looking for a permanent head coach to take over from John Carver, and his recent availability on the market has many suggesting the Magpies will move for him quickly.
However, the Chronicle report claims that McClaren has still yet to be approached, and states that Newcastle will go ahead with their previous plans to discuss all options before appointing someone.
McClaren will now be available for free, rather than the £2 million fee that the Magpies would have paid to Derby, but they have no inclination to rush through an appointment without considering all potential candidates.