Newcastle United next manager odds: AC Milan legend Gennaro Gattuso shock favourite to replace Rafael Benitez this summer

Gennaro Gattuso has emerged as the shock favourite to take over from Rafael Benitez as Newcastle United manager.

The Spaniard is officially out of contract at St James’ Park on June 30 and, despite 18 months of talks, it appears as though there have been no breakthrough in negotiations.

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Gennaro Gattuso is in pole position to take over at Newcastle, according to the bookies

Benitez reportedly wants six new players this summer, but is only set to be given £50million to spend once the window opens on May 16.

As a result, speculation about the former Liverpool boss’ future has begun to intensify and Gattuso has moved into the role of favourite.

The tempestuous Italian has been in charge of Milan for the past 18 months after Vincenzo Montella’s sacking, but is currently 30 POINTS off champions Juventus.

With Champions League football by no means guaranteed, it is highly likely a change at the top could occur, leaving the door open for the World Cup winner to take charge of the Magpies.

But who else is in the frame to take over if Benitez walks away from his position on Tyneside?

Scroll down to see the favourites for the Newcastle job, courtesy of thesackrace.com.

Nigel Pearson – 16/1

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Odds according to Paddy Power, via sackrace.com

Michael Laudrup  – 16/1

GettyImages 466334467 - Newcastle United next manager odds: AC Milan legend Gennaro Gattuso shock favourite to replace Rafael Benitez this summer
Odds according to Paddy Power, via sackrace.com

Slaven Bilic – 14/1

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Odds according to Paddy Power, via sackrace.com

Eddie Howe – 17/2

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Odds according to Paddy Power, via sackrace.com

David Moyes – 15/2

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Odds according to Paddy Power, via sackrace.com

Gennaro Gattuso – 5/2

GettyImages 1136890801 - Newcastle United next manager odds: AC Milan legend Gennaro Gattuso shock favourite to replace Rafael Benitez this summer
Odds according to Paddy Power, via sackrace.com

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