Relegated Newcastle United hope to reveal whether Alan Shearer will remain as their manager before the end of the week.
Shearer failed to keep the ailing Magpies in the Premier League during his eight-game reign after Sunday's 1-0 defeat at Aston Villa confirmed their drop to the Championship.
Immediately after the match, a downcast Shearer refused to discuss his future and suggested he would think long and hard about whether to offer his services for next season.
Shearer admitted "big mistakes" had been made and that "major changes" were required to revitalise the Magpies and managing director Derek Llambias has revealed that initial discussions about the future will begin this week.
"Being relegated from the Premier League is a huge disappointment for everyone involved with Newcastle United," Llambias told the club's official website.
"We are all hurting and I feel desperately sorry for everyone associated with Newcastle United; for (owner) Mike (Ashley), who has invested heavily in the club, and for all the supporters who have given the team magnificent backing up and down the country all season long.
"Mike and I will sit down with Alan this week to discuss how the club moves forward again and I hope to be able to say more to our supporters later this week."