Shearer will hold talks with Ashley about the future for the club following relegation on Sunday.
Reports suggest Ashley wants Shearer to cut the club’s wage bill by £30million.
A source told The Sun: “Alan has a good working relationship with Ashley who knows he can’t act how he did with Kevin Keegan if the club are to get themselves out of this mess.
“He is taking on board everything Alan is saying.
“Mike knows he needs to be getting on with Shearer far better than previous managers.”