The Scot has spoken about his plans for the immediate future, having recently been dismissed as Real Sociedad manager.
The current Magpies boss is under increasing pressure following a 5-1 loss to Crystal Palace – a result that represented the south London club’s biggest ever win in the Premier League.
Several bookmakers have priced Moyes among the favourites to replace McClaren at the helm of the St James’ Park side.
But despite the circulation of such reports, the Scot appears to be keen on a possible move abroad, having enjoyed his year-long spell with Real Sociedad, despite losing his job with the Spanish side.
Speaking to BBC Radio, Moyes offered a frank assessment of where his next big job may be:
“I’m open minded and Spain whetted my appetite. If the right opportunities came up in the major leagues I’d be interested. I think the experience (in Spain) will help me.
“I gained great knowledge from my time there. It was great to experience what I did and I hope that will make me better.”
Yet his most telling comment came when the former Toffees boss was quizzed on which, out of the Premier League and La Liga, was the superior division:
“It’s very difficult to compare the two leagues. The best teams are in Spain and many of the best players are in Spain.”
Moyes may wish to remain away from England after enduring a torrid time with Manchester United, where he was ousted after less than a year in charge.
And with Newcastle potentially facing a relegation battle this season, the Scot may wish to bide his time and wait for an alternative opportunity to make his Premier League return.
Despite Moyes seemingly distancing himself from the role, McClaren remains under pressure to turn things around with Newcastle currently second bottom and three points from safety with a home fixture against in-form Liverpool just around the corner.