But - trust me on this one - Mike Ashley offered him the job before Kevin Keegan took over, and the Toon owner will NOT ask him again.
Redknapp considered the offer, but turned it down saying: "There is something not right with that club!
"I thought about it, but that is not the club for me."
Suggesting the owner would get in the way.
And Ashley knows he would soon be at logger-heads with him because Redknapp is very much his own man.
The 65-year-old former West Ham chief is eager to continue to manage, but it won't be at Newcastle.
Redknapp can also be backed at 8/1 to take the reins at Chelsea, despite Roberto Di Matteo being appointed on a permanent basis at Stamford Bridge just this week.
He is 12/1 to return to West Ham, and a 16/1 shot to go back to the place his managerial career began on the South coast with Bournemouth.
EURO 2012
GROUP STAGES
Friday June 8
Poland 1 Greece 1
POLAND: Szczesny, Piszczek, Wasilewski, Perquis, Boenisch, Murawski, Polanski, Blaszczykowski, Obraniak, Rybus (Tyton 69), Lewandowski.
Goal: Lewandowski 17.
GREECE: Chalkias, Torosidis, Papastathopoulos, Avraam Papadopoulos (Kyriakos Papadopoulos 36), Holebas, Maniatis, Katsouranis, Karagounis, Ninis (Salpingidis 46), Gekas (Fortounis 68), Samaras.
Goal: Salpingidis 51.
Russia 4 Czech Republic 1
RUSSIA: Malafeev, Aniukov, Berezutsky, Ignashevich, Zhirkov, Shirokov, Denisov, Zyryanov, Dzagoev (Kokorin 84), Kerzhakov (Pavlyuchenko 73), Arshavin.
Goals: Dzagoev 15, Shirokov 24, Dzagoev 79, Pavlyuchenko 82.
CZECH REP: Cech, Gebre Selassie, Hubnik, Sivok, Kadlec, Plasil, Jiracek (Petrzela 75), Pilar, Rosicky, Rezek (Hubschman 46), Baros (Lafata 85).
Goal: Pilar 52.
Saturday June 9
Holland 0 Denmark 1
HOLLAND: Stekelenburg, Van Der Wiel (Kuyt 84), Heitinga, Vlaar, Willems, Van Bommel, Nigel De Jong (Van der Vaart 71), Robben, Sneijder, Afellay (Huntelaar 71), van Persie.
DENMARK: Andersen, Jacobsen, Kjaer, Agger, Simon Poulsen, Kvist Jorgensen, Zimling, Rommedahl (Mikkelsen 83), Eriksen (Schone 74), Krohn-Delhi, Bendtner.
Goal: Krohn-Delhi 24.
Germany 1 Portugal 0
GERMANY: Neuer, Boateng, Hummels, Badstuber, Lahm, Khedira, Schweinsteiger, Muller (Bender 90), Ozil (Kroos 87), Podolski, Gomez (Klose 80).
Goal: Gomez 72.
PORUGAL: Rui Patricio, Joao Pereira, Bruno Alves, Pepe, Fabio Coentrao, Meireles (Varela 80), Veloso, Joao Moutinho, Nani, Postiga (Nelson Oliveira 70), Ronaldo.
Sunday June 10
Republic of Ireland 1 Croatia 3
REP IRELAND: Given, O'Shea, St. Ledger, Dunne, Ward, McGeady (Cox 54), Whelan, Andrews, Duff, Doyle (Walters 53), Keane (Long 75).
Goal: St. Ledger 19.
CROATIA: Pletikosa, Srna, Corluka, Schildenfeld, Strinic, Vukojevic, Rakitic (Dujmovic 90), Modric, Perisic (Eduardo 89), Mandzukic, Jelavic (Kranjcar 72).
Goals: Mandzukic 3, Jelavic 43, Given 49 og.
Spain 1 Italy 1
SPAIN: Casillas, Arbeloa, Pique, Sergio Ramos, Jordi Alba, Xavi, Busquets, Alonso, Silva (Jesus Navas 65), Fabregas (Torres 74), Iniesta.
Goal: Fabregas 64.
ITALY: Buffon, Chiellini, De Rossi, Bonucci, Giaccherni, Marchisio, Pirlo, Thiago Motta (Nocerino 89), Maggio, Cassano (Giovinco 65), Balotelli (Di Natale 56).
Goal: Di Natale 60.
Monday June 11
France 1 England 1
FRANCE: Lloris, Debuchy, Rami, Mexes, Evra, Nasri, Cabaye (Ben Arfa 84), Diarra, Malouda (Martin 84), Ribery, Benzema.
Goal: Nasri 39.
ENGLAND: Hart, Johnson, Terry, Lescott, Cole, Milner, Gerrard, Parker (Henderson 77), Oxlade-Chamberlain (Defoe 77), Young, Welbeck (Walcott 90).
Goal: Lescott 30.
Ukraine 2 Sweden 1
UKRAINE: Pyatov, Gusev, Mykhalyk, Khacheridi, Selin, Yarmolenko, Tymoschuk, Konoplianka (Devic 90), Nazarenko, Voronin (Rotan 84), Shevchenko (Milevskiy 81).
Goals: Shevchenko 55, 62.
SWEDEN: Isaksson, Lustig, Mellberg, Granqvist, Martin Olsson, Elm, Kallstrom, Larsson (Wilhelmsson 69), Ibrahimovic, Toivonen (Svensson 63), Rosenberg (Elmander 71).
Goal: Ibrahimovic 52.
Tuesday June 12
Greece 1 Czech Republic 2
GREECE: Chalkias (Sifakis 23), Torosidis, Kyriakos Papadopoulos, Katsouranis, Holebas, Fotakis (Gekas 46), Maniatis, Karagounis, Salpingidis, Samaras, Fortounis (Mitroglou 71).
Goal: Gekas 53.
CZECH REPUBLIC: Cech, Gebre Selassie, Sivok, Kadlec, Limbersky, Hubschman, Plasil, Jiracek, Rosicky (Kolar 46), Pilar, Baros (Pekhart 64), Kolar (Rajtoral 90).
Goals: Jiracek 3, Pilar 6.
Poland 1 Russia 1
POLAND: Tyton, Piszczek, Wasilewski, Perquis, Boenisch, Dudka (Mierzejewski 73), Polanski (Matuszczyk 84), Blaszczykowski, Murawski, Obraniak (Brozek 90), Lewandowski.
Goal: Blaszczykowski 57.
RUSSIA: Malafeev, Aniukov, Berezutsky, Ignashevich, Zhirkov, Shirokov, Denisov, Zyryanov, Dzagoev (Izmailov 79), Kerzhakov (Pavlyuchenko 70), Arshavin.
Goals: Dzagoev 37.
Wednesday June 13
Portugal 3 Denmark 2
DENMARK:k Andersen, Jacobsen, Kjaer, Agger, Simon Poulsen, Kvist Jorgensen, Zimling (Jakob Poulsen 17), Rommedahl (Mikkelsen 60), Eriksen, Krohn-Delhi (Schone 90), Bendtner.
Goals: Bendtner 41, 80.
PORTUGAL: Rui Patricio, Joao Pereira, Bruno Alves, Pepe, Fabio Coentrao, Meireles (Varela 84), Veloso, Joao Moutinho, Nani (Rolando 89), Postiga (Nelson Oliveira 64), Ronaldo.
Goals: Pepe 24, Postiga 36, Varela 87.
Holland 1 Germany 2
HOLLAND: Stekelenburg, Van Der Wiel, Heitinga, Mathijsen, Willems, Nigel De Jong, Van Bommel (Van der Vaart 46), Robben (Kuyt 83), Sneijder, Afellay (Huntelaar 46), van Persie.
Goal: van Persie 73.
GERMANY: Neuer, Boateng, Hummels, Badstuber, Lahm, Khedira, Schweinsteiger, Muller (Bender 90), Ozil (Kroos 81), Podolski, Gomez (Klose 72).
Goals: Gomez 24, 38.
Thursday June 14
Italy 1 Croatia 1
ITALY: Buffon, Bonucci, De Rossi, Chiellini, Maggio, Marchisio, Pirlo, Thiago Motta (Montolivo 62), Giaccherni, Balotelli (Di Natale 69), Cassano (Giovinco 83).
Goal: Pirlo 39.
CROATIA: Pletikosa, Srna, Corluka, Schildenfeld, Strinic, Rakitic, Vukojevic, Modric, Perisic (Pranjic 68), Jelavic (Eduardo 83), Mandzukic (Kranjcar 90).
Goal: Mandzukic 72.
Spain 4 Republic of Ireland 0
SPAIN: Casillas, Arbeloa, Pique, Sergio Ramos, Jordi Alba, Xavi, Busquets, Alonso (Javi Martinez 65), Silva, Torres (Fabregas 74), Iniesta (Santi Cazorla 79).
Goals: Torres 4, Silva 49, Torres 70, Fabregas 83.
REPUBLIC OF IRELAND: Given, O'Shea, St. Ledger, Dunne, Ward, Duff (McClean 76), Andrews, Whelan (Green 80), McGeady, Cox (Walters 46), Keane.
Friday June 15
Donetsk, Group D: Ukraine v France (1700)
Kiev, Group D: Sweden v England (1945)
Saturday June 16
Wroclaw, Group A: Czech Republic v Poland (1945)
Warsaw, Group A: Greece v Russia (1945)
Sunday June 17
Kharkiv, Group B: Portugal v Holland (1945)
Lviv, Group B: Denmark v Germany (1945)
Monday June 18
Gdansk, Group C: Croatia v Spain (1945)
Poznan, Group C: Italy v Republic of Ireland (1945)
Tuesday June 19
Donetsk, Group D: England v Ukraine (1945)
Kiev, Group D: Sweden v France (1945)
QUARTER-FINALS
Thursday June 21
Warsaw, QF1: Winner A v Runner-up B (1945)
Friday June 22
Gdansk, QF2: Winner B v Runner-up A (1945)
Saturday June 23
Donetsk, QF3: Winner C v Runner-up D (1945)
Sunday June 24
Kiev, QF4: Winner D v Runner-up C (1945)
SEMI-FINALS
Wednesday June 27
Donetsk, SF1: Winner QF1 v Winner QF3 (1945)
Thursday June 28
Warsaw, SF2: Winner QF2 v Winner QF4 (1945)
FINAL
Sunday July 1
Kiev: Winner SF1 v Winner SF2 (1945)