The Parisians are looking for a replacement for Carlo Ancelotti, who seems set to depart for Real Madrid.
Laudrup has emerged, according to L’Equipe, as one of the leading contenders for the post, along with Andre Villas Boas.
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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.