The bookmakers have slashed the odds on Eddie Howe becoming the next Newcastle United manager after Unai Emery's revelation.
The former Arsenal manager looks set to stay in Villareal after talks with the club's chairman, players and family.
Newcastle are hopeful they'll be able to pry the 50-year-old away from Estadio de la Cerámica.
The recent developments has seen the former Bournemouth boss leap from 9/1 to the 6/4 favourite with Betfair.
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The Magpies are still on the lookout for a replacement after Steve Bruce left the club by 'mutual consent' a fortnight ago following a turbulent two-year stint in the hotseat.
Graeme Jones is currently leading the team on an interim basis, earning a 1-1 draw against Crystal Palace before a 3-0 drubbing against Chelsea at the weekend.
A new head coach is understood to be part of a three-pronged recruitment plan from the consortium, with a director of football also on the agenda.
One such possible combination linked with a switch is Ajax duo Erik ten Hag and Marcus Overmars.
Eddie Howe and Chris Wilder had been considered as potential replacements earlier in the campaign with disgruntled fans regularly chanting for Bruce's dismissal.
However, the takeover which has transformed Newcastle into one of the richest clubs in world football has changed the landscape of the betting market.
We've taken a look at the names who are favourites to take over at St James Park if Bruce is to be sacked, according to Betfair.
Next Newcastle Manager odds:
Eddie Howe: 6/4 (was 9/1 on Tuesday)
Unai Emery: 10/3 (was 1/9 on Tuesday)
Paulo Fonseca: 6/1
Roberto Martinez: 12/1
John Terry: 20/1
Brendan Rodgers: 33/1
Nuno Espirito Santo: 33/1
Leonardo Jardim: 33/1
Graeme Jones: 33/1
Odds accurate at the time of writing.
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