Newcastle manager Kevin Keegan is reported to be set to quit the Premier League club as he holds talks with club's board on Tuesday.
The 57-year-old is reportedly unhappy with the club's policy on transfers.
Keegan had hoped for three or four major signings but they failed to materialise as the transfer window closed at midnight on Monday.
Sky Sports News reported that Keegan did not take training Tuesday morning and was locked in talks with the club's board.
Keegan recently claimed James Milner would not be sold only for the midfielder to join Aston Villa in a 12-million-pound deal.
But having been unable to add to the signings of Argentinian pair Fabricio Coloccini and Jonas Gutierrez with several big-name stars Keegan is believed to have become disillusioned with his lot at Newcastle.
The club's only business on transfer deadline day was a 5.7-million-pound signing of Spanish striker Xisco and the loan signing of midfielder Ignacio Gonzalez.
Former England and Manchester City boss Keegan, who managed the club from 1992 to 1997, returned for a second time to St James' Park in January after the sacking of Sam Allardyce.
The club are currently 11th in the Premier League with just four points from their opening three games.
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