Caig spent three years at St James’s Park during his playing career, but the goalkeeper didn’t make a first-team appearance.
Now goalkeeping coach at Dundee United, Caig’s set to take up a position at Newcastle’s Academy, according to the Daily Record.
Caig, signed by Sir Bobby Robson in 2003, reportedly wants to return to the North East for “family reasons”.
The 47-year-old was a team-mate of academy manager Steve Harper at United.
Check out the latest Premier League speculation below...
9. Toon in Nelsson talks
Newcastle United are in negotiations with Galatasaray over the potential signing of Danish defender Victor Nelsson. (Tavkim) | AFP via Getty Images
10. Coyle closes in on new job
Former Burnley boss Owen Coyle’s appointment as coach of Queen’s Park has moved a step closer after he quit Indian outfit Jamshedpur. (Various) | Getty Images