Newcastle have begun their search for a sixth manager in four years after the resignation of Kevin Keegan.
Everton boss David Moyes and former Juventus coach Didier Deschamps are among the names being considered, BBC 5 Live's Jonathan Legard understands.
Moyes was previously mentioned as a possible successor to Sam Allardyce when he left Newcastle in January.
Deschamps, a former Chelsea team-mate of Magpies executive director Dennis Wise, is available at present.
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Keegan confirmed he was leaving St James' Park on Thursday evening after days of speculation about his future.
It leaves Magpies owner Mike Ashley looking for his third manager since taking over in June 2007 - and the club's eighth in 11 years since Keegan's first reign ended in 1997.
Moyes, who has yet to sign a new contract with Everton, was among those considered before Keegan returned to St James' Park in January.
Legard said: "Sources in the North-East claim Moyes' name is again in the frame, particularly as his new Everton contract remains unsigned, although I am told that is set to change imminently.
"Whether Moyes would want to work in tandem with Newcastle's director of football Dennis Wise is another matter.
"And whatever his frustrations with Everton's transfer budget, he'll have seen that Newcastle's recent spending power has been flyweight by comparison."
Deschamps, who has also coached Monaco and has previously declared his interest in a job in the Premier League, would fit the club's continental coaching structure.
"Significantly, he's readily available and keen to work in the Premier League," Legard added.
Keegan said his lack of control over Newcastle's transfer policy club had been a key factor in his departure and Richard Bevan, chief executive of the League Managers' Association, told BBC Radio 4 the Magpies had to resolve this issue.
"You can't have an orchestra with three conductors. You won't be very successful and people will leave," he said.
"The director of football issue is broad one.
"If you are going to work with a director of football, what's really important is not whether or not you have one person in charge or not but there is a common purpose and a shared vision and a structure where the manager can actually flourish."
The turmoil at Newcastle has created unrest among the club's fans, who are desperate to end a 39-year trophy drought.
Former England star Keegan took the Magpies to within a whisker of the Premier League title in 1996 and remains a popular figure among supporters.
About 200 angry fans gathered outside St James' Park on Thursday to protest after hearing of his departure, and some were seen scaling the walls attempting to get into the ground. Since the end of Keegan's first spell as boss, six other men have tried to bring a trophy to Newcastle.
Only Sir Bobby Robson, who spent five years at the helm between September 1999 and August 2004, has come close to winning significant silverware.
Robson's side finished fourth, third and fifth in successive seasons and reached the second phase of the Champions League, and the semi-finals of the Uefa and FA Cups.
Kenny Dalglish and Ruud Gullit both guided their teams to FA Cup final defeats, while under Glenn Roeder, they won the derided Intertoto Cup.
But no Newcastle manager has landed meaningful silverware since Joe Harvey's men were victorious in the Fairs Cup in 1969.
(BBC)
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