Calderwood was assistant to Hughton at Newcastle, helping the Magpies to promotion to the Premier League before taking control at Easter Road last October.
However, his family remain in England and speculation has mounted that Hughton - appointed Birmingham boss this week - would like to make the former Scotland international his number two at St Andrew's.
Colin Calderwood: "I can't sit here and say categorically there's nothing that would excite me elsewhere. But my job at the minute is to be here.
"I'm delighted to be here. I'm looking forward to the job in hand at present and I don't envisage anything changing too quickly.
"If there is any truth in the stories in the paper I'm in a wonderful position and I should be thankful for that.
"It's nice to have, if something comes of it that might be in the future. This is all born out of past relationships and the fact we had a successful year at Newcastle."
NEWCASTLE UTD FIXTURES:-
Saturday 13th August 2011
Newcastle United v Arsenal 15:00
Saturday 20th August 2011
Sunderland v Newcastle United 15:00
Saturday 27th August 2011
Newcastle United v Fulham 15:00
Saturday 10th September 2011
Queens Park Rangers v Newcastle United 15:00
Saturday 17th September 2011
Aston Villa v Newcastle United 15:00
Saturday 24th September 2011
Newcastle United v Blackburn Rovers 15:00
Saturday 01st October 2011
Wolverhampton Wanderers v Newcastle United 15:00
Offer To Toon Fans Continues
Due to the amazing response from NU-Mad readers ... we have decided to continue our offer for you to buy "Magpies In Europe" for the amazing price of £5.99. The offer will end July 1st.
A 'THANK YOU' TO FOOTYMAD READERS ...
'MAGPIES IN EUROPE'
FOR £5.99 (inc post)
2010/11 has been NewcastleUtd-Mad's greatest season for page 'hits', and as a thank you to all readers we are giving you the chance (FOR TWO WEEKS ONLY) to purchase "MAGPIES IN EUROPE" for £5.99 (and that includes the postage).
*Normal price is £9.99
OFFER ENDS JULY 1st 2011
Although "Magpies In Europe" will not be launched OFFICIALLY until next season ... if you want a copy it is available NOW from this website ... and ONLY from this website!
FOREWORD BY FAIRS CUP HERO JOHN McNAMEE
Sports Journalist Richie Everson: "At last a book that the fabulous Newcastle United fans can relate to. It's informative, all the facts and figures are there, plus the 120 match reports from all the fixtures ... but it is the articles by the supporters that amazed me.
"I went to many of those games, and this is the only book I can honestly say 'hits the nail on the head'!
"Yes we know the results and the scorers, but some of the facts in this book had me so wrapped up in it I couldn't put it down.
"Was Benny Arentoft cup-tied when he played in the final? Big Wyn and his battle with John McGrath; McFaul scoring a penalty when the crowd had gone home; the trouble in Palermo; it is all amazing stuff.
"I would honestly give this book 10 out of 10."
MAGPIES IN EUROPE
From Antwerp to Zurich
Please include your address in a letter and send a cheque (or postal order) for £5.99 payable to Mr K Fletcher, to:
'MAGPIES IN EUROPE', K Fletcher, 5 Dunelm, Sacriston, Co Durham DH7 6NU.
Or contact: Kevnumad@fsmail.net