Bruce is expected to be brought to St James' Park as the replacement for Rafa Benitez - who left the club this summer after failing to agree on a new contract - and speculation Bruce has resigned from his post at Sheffield Wednesday has emerged on Monday.
According to the BBC, Bruce has now told Sheffield Wednesday that he will leave Hillsborough just five months after his first match in charge.
He may not be very good at appointing the right manager, only twice throughout his time as Newcastle United owner appointing men that were genuinely liked by the club's fans, but he knows how to give someone a job.
Bruce confirmed talks with Newcastle had taken place over the weekend and a deal isn't far off.
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"It has happened so quickly that I have got to take stock of the situation".
Bruce led the Championship club to safety last season. "There is nothing really to talk about until the two clubs reach some sort of a compromise".