Kevin Keegan does not believe that Middlesbrough defender Jonathan Woodgate will be returning to Newcastle United.
Middlesbrough manager Gareth Southgate had revealed that he had given Woodgate permission to speak to Newcastle after a fee was agreed for the centre-back.
However, Tottenham are also thought to be keen on the England defender, who now looks certain to leave Boro, as Juande Ramos bids to strengthen his defence.
And Keegan appears to have conceded defeat in his attempts to lure the 28-year-old, who spent the 2003-04 season with Newcastle before leaving for Real Madrid, into returning to St James' Park.
"At this moment I don't think he is going to come to Newcastle," Keegan told Sky Sports News.
"In fact I am almost certain he isn't. I think he is going to go somewhere else.
"It looks like we have lost him. I am very disappointed. I fully understand though. But I desperately want him to come."
Keegan has also revealed that Alan Shearer is to make a decision regarding a future role at Newcastle on Monday.
The Newcastle boss has held talks with Shearer, who was thought to be in the running for the Tyneside hot seat prior to the appointment of Keegan earlier this month, regarding a place in his backroom staff.
And Keegan has now confessed that he is waiting to hear from Newcastle legend Shearer at the beginning of next week.
"There is a role for Alan Shearer at Newcastle," Keegan added.
"He is going to come back to me on Monday. I don't want to pressure him. But knowing Alan Shearer, he is going to pick a role that is worthwhile."