Lampard, Fonseca in Newcastle frame as Bruce departs by mutual consent

Steve Nicol believes that Newcastle's current team is not strong enough to keep them in Premier League. (1:32).
Sources tell ESPN that Newcastle United will be considering Frank Lampard or Paulo Fonseca for the role of permanent manager at St. John's Park. This comes after Steve Bruce's departure was mutually agreed to by the new owners.

Bruce, who managed his 1,000th competitive match as a manager in Sunday's 3-2 loss at Tottenham, has left Newcastle after two years of being the city's manager. Bruce led Newcastle to 13th- and 12th place finishes in the Premier League, and reached the quarterfinals and Carabao Cup.

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The Saudi Arabia-backed Public Investment Fund, (PIF), completed their 305 million takeover earlier in the month by purchasing out Mike Ashley. However, the new regime decided to change the manager of Newcastle in the Premier League relegation area with only three points from eight games.

Graeme Jones, the first-team coach, will be taking charge on an interim basis for the team's match against Crystal Palace. However, sources tell ESPN that the new owners want to quickly appoint a manager to end the club’s woeful form.

Sources say Lampard, a former Chelsea manager, and Fonseca, ex-Roma, Shakhtar Donetsk coach, are the top candidates. Both men are out of work and can be taken over immediately.

Steve Bruce has departed Newcastle by mutual consent. Richard Sellers/PA Images via Getty Images

Lucien Favre, former Borussia Dortmund coach and Eddie Howe, ex-Bournemouth manager, are also in the mix, while Steven Gerrard, Rangers boss, and Roberto Martinez, Belgium coach, are more ambitious targets.

Chris Wilder, who was released by Sheffield United last season is another name being considered. However, sources claim that Lampard or Fonseca are more appealing candidates for the PIF hierarchy.

Bruce acknowledged that he has had 'difficult times' while managing St James's during his tenure as manager.

Bruce stated, "I am grateful for the chance to manage this unique football team."

"I want to thank my players, coaches and support staff for their hard work. They have persevered through the tough times and have shown great courage.

"This club has incredible support and I hope that the new owners can bring it to the place we all want. All of us wish you all the best for the remainder of the season and beyond.