The Spaniard has a relegation exit clause in his contract at St James' Park.
Newcastle United were relegated in midweek, after a 3-0 win from Sunderland over Everton sent their local rivals to the Championship.
Now the Mapies must turn their attention toward next season in England’s second-tier. One major issue is regarding the manager position.
He has a relegation exit clause in his deal and is believed to be considering his future.
Now Sky Sports is reporting that the former Liverpool boss will have made a decision over his future within the next two weeks.
It was reported by The Guardian, among others, this week that Benitez had held productive talks with Newcastle managing director Lee Charnley – but that he wanted assurances he would be in full control of first-team affairs, including player recruitment.
Benitez only managed to win two of his ten games in charge so far however, his five game unbeaten run is Newcastle’s best form since Alan Pardew was in charge in 2014 and the majority of Newcastle fans would like to see him stick around for next season.