 Shearer left the Match of the Day studios to manager Newcastle
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Alan Shearer is set to have talks on Tuesday about becoming the permanent manager of Newcastle.
The 38-year-old will meet owner Mike Ashley and managing director Derek Llambias amid reports suggest he will be offered a four-year deal.
Shearer took temporary charge of the Magpies with eight games remaining of the season but could not prevent their relegation to the Championship.
BBC Sport understands Shearer may be appointed before the end of the week.
Saturday's loss at Aston Villa ended a 16-year stay in the Premier League and BBC Radio Five Live football correspondent Ian Dennis said: "If Shearer gets certain assurances then he would be happy to take over full time.
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606: DEBATE
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"I would not be surprised if an announcement was made in 48 hours because time is of the essence as Newcastle plan for the Championship.
"A decision also needs to be made over the playing squad because it's only five weeks before pre-season starts on 1 July."
Meanwhile, former chairman Sir John Hall has branded the club's relegated playing staff as "useless".
Hall's money helped Newcastle climb up from the second tier of football back in 1993 before he sold his shares to Ashley in 2007.
"The table doesn't lie," he told The Sun newspaper.
"It's been desperately poor all season and the worst thing is they didn't even appear to try on Sunday.
"I'm not going to pull any punches. This current side is rubbish. Useless."
Hall also criticised the culture of bringing "yesterday's men" to St James' Park.
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Michael Owen - he's had too many injuries and he's never seemed to be on the ball
Former Magpies chairman Sir John hall
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"I'm as baffled as anyone with the signings of players like Joey Barton - then again, former manager Sam Allardyce said he could put him right," added the 76-year-old.
"As for Michael Owen, he's had too many injuries and he's never seemed to be on the ball.
"Now we are saddled with a huge wage bill. The lesson here is obvious: you can't take on yesterday's men and hope to survive. That's for a club with no ambition."
Hall firmly believes Shearer may be the right man to guide Newcastle back into the top flight.
"Shearer must stay," he stated. "He doesn't have experience but then neither did Kevin Keegan the first time round.
"But, like Keegan, the fans have faith in him. The club is in his blood and he is a rallying point for all the supporters."
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