GETTY Manuel Pellegrini eyes Steve McClaren's job at Newcastle

The Chilean will leave the Etihad at the end of the season after City announced in February that Bayern Munich's Pep Guardiola will take over this summer. The Daily Mail claim Pellegrini has been offered a two-year, £3million-a-season deal to take charge at Russian Premier League Champions Zenit St Petersburg. However, the 62-year-old tactician is thought to be settled in the Premier League and is willing to stay even for a club outside of the Champions League.

Where could Manuel Pellegrini go after Manchester City? Mon, February 1, 2016 Express Sport takes a look at Manuel Pellegrini's possible destinations Play slideshow Getty Images 1 of 10 Manuel Pellegrini will be in demand once his Manchester City days have come to an end in the summer

And the Daily Mail add the former Real Madrid man is open to the idea of replacing under-pressure Steve McClaren at Newcastle after missing out on the Chelsea job. Pellegrini has been linked with a move to Stamford Bridge, but Express Sport understands Blues owner Roman Abramovich is set to announce a deal with Antonio Conte later this month. And the huge potential at Newcastle is said to interest Pellegrini, despite the Magpies currently sitting inside the Premier League's relegation zone. McClaren, who has spent in excess of £83m on new players since the summer, was forced to defend his future at St James' Park earlier this week.

GETTY Steve McClaren has endured a terrible first season at Newcastle