... happy in his role as Queens Park Rangers first-team coach.
Hoddle -- along with the likes of Derby manager Steve McClaren and Lyon coach Remi Garde -- has been touted as a potential successor to Alan Pardew at St James' Park after he left the club to join Crystal Palace.
The former England boss, however, would rather concentrate on his work at Loftus Road and in helping Harry Redknapp's side stay in the Premier League this season.
"There has been a lot of speculation. The media have been chasing me for a reaction to being heavily linked to the vacant Newcastle job,
"All I am prepared to say is that I'm really enjoying the challenge of trying to keep QPR up this season.
"Harry gave me the chance to tip my toe back into coaching water and I'm up for the challenge.
"I've enjoyed working with Harry and the team, and I've enjoyed working with Harry and the staff. I'm looking forward to the second half of the season and the challenges that will bring in our attempt to stay up.
"Although I have never shut the door on management I'm happy doing what I'm doing now with QPR.
"We're on 19 points at the halfway stage. If we can do slightly better in the second half of the season, I think it will be enough to keep our Premier League status."