Newcastle owner Mike Ashley has reportedly met Kevin Keegan for talks in London tonight.
The subject of the talks was unknown, and it was unclear whether Keegan could be in line for a return to the club.
Bookmaker Paddy Power has suspended betting on Keegan in the market regarding who will be the club’s next manager.
Keegan resigned as Newcastle manager on September 4, stating: "It's my opinion that a manager must have the right to manage and that clubs should not impose upon any manager any player that he does not want."
Sky Sports News have reported Keegan met Ashley and that discussions took place before the meeting came to an end.
Keegan's departure led to a backlash from supporters against the Newcastle board, and specifically owner Mike Ashley and executive director of football Dennis Wise.
Protests have been planned ahead of tomorrow's Barclays Premier League match against Hull at St James' Park.
Keegan may have to pay compensation to Newcastle for leaving his post after less than eight months, and discussions over that issue could also have prompted a meeting with Ashley.