Newcastle United will make one final attempt to convince Rafael Benitez to sign a new contract this week as it appears increasingly likely he will quit the club.

Benitez’s contract will expire on June 30 and he is expected to announce he is leaving St James' Park after three-and-a-half years as he is unhappy with the personal terms offered and the size of the transfer budget available to him.

Benitez has been told he will have around £60 million in this summer’s window and can also raise money from player sales. But, although exceptions could be made, he was also warned that the club could not sanction long-term deals for players over the age of 28, particularly as he was only considering a one-year extension himself.

Newcastle believe there is still a chance he will stay and plan to hold further talks this week in an attempt to get him to change his mind. That, though, looks unlikely given the lack of progress so far this summer.

The club's hierarchy have repeatedly stressed to the Spaniard that they want him to stay and have offered a variety of contracts to him over the last 18 months, but the 59-year-old has refused to sign any of them.