Newcastle have made their approach to the Premier League for dispensation to allow Glenn Roeder to take over as full-time manager.
The Magpies have formally approached the governing body and are now awaiting their response.
Chairman Freddy Shepherd has been hugely impressed with Roeder since he took over from the sacked Graeme Souness as caretaker boss in February.
He is hoping the fact the former West Ham manager does not have the necessary UEFA Pro Licence - he is enrolled on a course in June to begin the year-long programme - will not block the appointment he wants to make.
Reserve team coach Tommy Craig has the qualification and even if Newcastle fail to persuade Premier League chiefs that extenuating circumstances should be taken into consideration, Roeder could still have a major role to play.
The 50-year-old has emerged as the red-hot favourite for the job with Ladbrokes quoting him at 8/11 today and ready to suspend betting.
Roeder has been given dispensation to remain in charge for the final two games of the season beyond the 12 weeks stipulated by the rules, although his reign is due to come to an end with Sunday's final-day fixture against champions Chelsea.
Under his charge, the Magpies have recovered from a dreadful start to the campaign and find themselves involved in a two-way battle with Bolton to secure seventh place and entry to the Intertoto Cup.
Meanwhile, Newcastle are continuing their efforts to get to the bottom of midfielder Kieron Dyer's persistent hamstring problems after seeing him sidelined once again.
Dyer broke down in training yet again last month, sparking questions over his career.
However, Roeder is confident the medics are getting close to identifying exactly what is causing the problem.
'At the moment, Kieron has been taken completely out of training and rested while we decide what our next move is going to be, where we take him to try to get to the bottom of this,' he said.
'There must be an answer, there has to be an answer. We obviously haven't solved it yet - we have got close to solving it because we have had games out of him - but we have not completely solved it, otherwise he would still be playing.
'We mustn't be completely disheartened, the medical team must stay upbeat and know we have got him to a level where he can play games.
'But there is obviously something else that we need to find out and do to make sure he plays game after game after game and can have a long run in the team.
'We have seen recently how important he is and I must say, I personally have really, really enjoyed working with him.'