The former Paraguay coach has enjoyed a superb year, guiding Newell’s to the Argentine Clausura and the semi final of the Copa Libertadores.
Marca report that Barcelona have been in touch with him, and if he did join it would link him up with fanatical Newell’s Old Boys fan Leo Messi.
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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.