A promising update has been dropped on the potential takeover of Newcastle United amid some enticing insight involving Rafael Benitez.

The Lowdown: Benitez wanted

As per journalist Liam Kennedy, who has been following the takeover saga closely, Benitez is wanted by the potential owners-in-waiting to return to Tyneside, as the Spaniard helped bring them to the table in the first place.

The arbitration case between Newcastle and the Premier League over the failed deal between Mike Ashley and the Kingdom of Saudi Arabia (KSA) group is set begin in the coming months. A positive result in that for the Tyneside club could lead to the takeover process being accelerated and, if the bid were to go through, eventually a potential change in manager.

The Latest: Takeover confidence

According to Football Insider, the latest situation with regards to the potential takeover is that all parties involved are confident that the Premier League will sanction the deal after the arbitration hearing has taken place.

An industry source has also told the news outlet that close allies to Benitez have advised him to reject any job offer from Everton and instead bide his time to return to St James' Park, assuming that the takeover can be pushed through.

The Verdict: Hire Benitez

Regardless of whether or not the takeover can be pushed through, the Magpies must consider hiring Benitez to replace Steve Bruce, should the latter leave his post.

Many Toon fans have previously called for the 61-year-old to come back, so he would certainly be a popular appointment. Benitez also has a vast amount of experience in managing in the Premier League, with both Liverpool and Chelsea as well as Newcastle, and so he should have little problems in handling the likely abundance of riches which would come with the potential takeover.

Reports that the concerned parties are confident that a deal can be done after the arbitration proceedings is a step in the right direction in terms of trying to get Benitez back to St James' Park.

In other news, find out what enticing Premier League insight Lee Ryder has dropped on the takeover cases