Newcastle United were recently purchased by Saudi Arabia’s Public Investment Fund and the new owners started the new era with a defeat to Tottenham Hotspur last weekend.

Just days after the defeat, Steve Bruce stepped down from his position as manager of the Tyneside club.

Paulo Fonseca has emerged as one of the main contenders to become the Magpies’ new manager.

On Thursday, Corriere dello Sport reported the 48-year-old, who is without a job since leaving AS Roma at the end of last season, is ‘very close’ to taking over at St James’ Park. have now brought a fresh update on the Portuguese coach and they state he is ‘on pole’ to become Bruce’s successor at the Premier League side.

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It’s claimed the former FC Porto manager’s camp continue to have talks with Newcastle for the vacant managerial position.

Although he’s leading the target list and his entourage is ‘continuing dialogue’ with the English club, the report explains fans will have to ‘wait for a few more days’ for the ‘white smoke’.

When referring to ‘white smoke’, the Italian media means confirmation of a deal. When a new Pope is chosen, the decision is signalled by white smoke coming from a chimney on top of the Sistine Chapel, and that’s where the saying comes from. state ‘next week could be decisive’ in Fonseca to Newcastle saga.