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Graeme Jones will take charge of Newcastle's next two matches with favourite Paulo Fonseca yet to be offered the job by new Saudi owners

Graeme Jones has been told to take charge of Newcastle United’s next two matches as the club’s Saudi-backed owners continue their managerial search.

There had been a suggestion that bookies’ favourite Paulo Fonseca was on the verge of being appointed after talks with the consortium this week.

However, sources say the former Roma boss is one of several names they are considering and that he has not been offered the job.

Sportsmail understands that Roberto Martinez, Lucien Favre and Unai Emery are high on the list of those still in the frame to replace Steve Bruce.