Everton chairman Bill Kenwright says there is "no truth whatsoever" in rumours David Moyes is being lined up as Newcastle's next manager.

Kenwright said he had spoken to Newcastle owner Mike Ashley, who assured him they were not chasing Moyes.

"Mike came on the phone and I said: 'Listen, do you know there's rumours sweeping round Newcastle and Liverpool that you are after David?'," Kenwright told Sky Sports News.

"He said: 'Even if David was the greatest manager in the world - and I know you think he is - there's no way on God's Earth we would ever, ever do that kind of thing to Everton'.

"There is no truth in it whatsoever."

Kenwright added that he understood the pressure chairmen are under, but believes that managers do need an amount of time at a club in order to make changes.

"At the end of the day it's all about loyalty," said Kenwright, adding: "David Moyes is the man that we are privileged to call our manager."