The People says Wise is in the frame for a role at Spurs, where close friend Gus Poyet is assistant manager.
but they add the former Leeds manager is determined to stay in his current role as Newcastle's executive director until Mike Ashley sells the club.
However, one man who is keen to fill his boots is none other than Sir Les!Les Ferdinand says he would consider becoming Newcastle's Director of Football, if he was asked.
The former England striker had two glorious years at St James' Park where he became a huge fan's favourite.
1995/97 L.Ferdinand 81/2 50
Big Les arrived with Warren Barton and David Ginola in the summer of 1995 and was part of the side that lit up the Premiership. Big, strong and a nightmare to mark, he carried on the reputation of superb Newcastle number 9s. But when Alan Shearer arrived that particular shirt was taken off him, much to the player's disgust. England international who came from QPR and joined Spurs.