But the former Real Madrid and Liverpool manager would seek assurances over the club’s ambitions.
The 55-year-old, sacked by Real Madrid in January, is one of the leading contenders to replace McClaren as head coach.
Newcastle are considering their options in the wake of Saturday’s damaging 3-1 home defeat to Bournemouth, with McClaren – who took training today – unlikely to be in charge against Leicester City on Monday night.