Benitez has been offered the chance of a return to Newcastle should the takeover of the club be confirmed, it is claimed.
The Spaniard left St James Park last summer to manage Chinese side Dalian Yifang, much to the dismay of the Geordie fans.
But on Thursday evening, French journalist Manu Lonjon tweeted that Newcastle's potential new owners have Benitez as their 'priority' target and have offered him the managerial position with 'extensive powers'.
The tweet read: “As announced, Rafa Benitez is Newcastle's priority! He is offered a coach position with extensive powers, in direct connection with the position of Sports Director who could be offered to one of his relations".