Alan Shearer has revealed he thought he had reached agreement to stay on as Newcastle United boss following their relegation from the Premier League.
Shearer, the club's all-time leading goalscorer, was unable to save the Magpies from the drop after being handed the managerial reins for the final eight games of the 2008/09 season.
He went for talks with owner Mike Ashley following confirmation of relegation and left the meeting believing he would still be at the helm for the next campaign.
However, a few weeks later Ashley opted to make first-team coach Chris Hughton his new caretaker manager.
"I thought I had the job at Newcastle," Shearer told BBC Radio 5 Live."We had got relegated and I had sat down with the appropriate guys and we had agreed everything. Then two days later…
"I have not spoken to them since. I rang someone up and he didn't know what was going on and I never got a phone call after that."
Speaking about a possible return to the St James' Park hot-seat, Shearer admitted he would be open to the possibility but not while Ashley remains in charge of the Magpies.
He added:"I absolutely loved my time at Newcastle, despite what happened.
"I have never, ever worked so hard in my life and my kids have never seen so little of me, but I loved the challenges that it brought and yes, if the right one came along, then I would seriously look at it."