But the Newcastle United boss will face competition from bitter rivals Sunderland, as well as Aston Villa and West Brom.
Indeed, HITC Sport reported that the Tottenham winger will be offered to Crystal Palace and West Brom earlier this week.
And the Mirror now suggest Newcastle, Sunderland and Aston Villa are also in the hunt for the wide man.
Where best for the struggling Spurs winger?
Townsend has become frustrated with his role at Tottenham but, in truth, he isn't half as frustrated as legions of Spurs fans who expected him to deliver at White Hart Lane.
The 24-year-old's form has been poor in north London and it would be wishful thinking to anticipate an improvement in form at Aston Villa, Sunderland or Newcastle.
That said, Townsend could do better at a club aiming slightly lower than Tottenham are at the moment and the Magpies and the Black Cats could certainly do with a wide man. The same can arguably be said of West Brom and Villa.
But where would be best for Townsend to move if he has burned all his bridges at Tottenham?