Concerned Charlie Adam reckons Steven Gerrard could be temped to leave Rangers for a "stepping stone" to Liverpool.
The title-winning boss is reportedly high on the list of candidates at Newcastle United following their controversial takeover.
Steve Bruce looks to be heading for the St James Park exit door Amanda Staveley's PCP Capital Partners and the Reuben brothers bought out Mike Ashley this week.
Graeme Jones looks set to step into the role on a temporary basis until the next permanent boss if found, but Liverpool icon Gerrard is apparently "monitoring events at St James' with a keen eye" according to a report in The Daily Mail.
While former Ibrox playmaker Adam expects the Rangers boss to stick with the Premiership champions, he reckons a move to the cash-rich English Premier League side could tempt him.
The believes that it could be a major step forward if Gerrard's ambition is to take over at Liverpool one day.
Adam told the PLZ Football Show: "The investment is there for Steven Gerrard to go and be Newcastle manager.
"He could go and have £150million to spend. Do I think he'll go? No, I think he will see out the job he has at Rangers.
"He's got a good job there, and he knows what he is doing.
"Long-term though, is this (going to Newcastle) the stepping stone to get the Liverpool job? Maybe.
"If there is the right project available any manager will have to look at it."