It will cost Newcastle United £2 million in compensation to take Derby County boss Steve McClaren to St. James’ Park, according to The Telegraph.
McClaren has become a serious target for Newcastle, who are looking to appoint a new manager this summer, but they will have to pay Derby nearly £2m for the former England manager after he agreed a lucrative deal with the Rams at the start of the season.
The 53-year-old signed a three-year deal in August, which contains a hefty compensation package, and Derby are confident he will remain at the club beyond this season.
The Rams insist they have received no inquiries from Newcastle and that their head coach is fully focused on getting the club promoted from the Championship.
The rumours of McClaren and Newcastle have surfaced ever since Alan Pardew left for Crystal Palace in January but the Derby boss is yet to completely quash the link despite persistent questioning.
The East Midlands side have gone six games without a win but remain in contention for automatic promotion.
Derby are currently fifth in the Championship and face second-place Watford on Friday night.
McClaren’s men are five points behind the Hornets with seven games left to play.