Benfica lost in the last minute of their league clash with Porto last Saturday, ending their unbeaten league record and hold on top spot.
They were also beaten in fortuitous circumstances by Chelsea last night in the Europa League final.
“In these last few weeks the club and I have been talking about the future,” he told a news conference. “This defeat today will lead me to take some time to think more about these issues.”
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Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.
Newcastle United are staring down the barrel of relegation to the Championship for the second time in the past eight years.