Both Newcastle United and Sunderland are monitoring the situation of Slavisa Jokanovic as the Serbian is yet to agree a new deal with newly promoted Watford. The Daily Mail reports the North East rivals are set to pounce if the Vicarage Road club can't come to an agreement with their current boss, who led The Hornets to a second placed finish in The Championship this season. The former Hércules manager's deal runs out next month and Watford have inexplicably put off contract talks till after a list of potential transfer targets has been put together. Surely it would be wiser for them to make sure they have a manager in place first to manage those players? Needless to say, the uncertainty surrounding Jokanovic have alerted both Newcastle and Sunderland who are still open to appointing new bosses this summer. It is widely expected that John Carver will be handed the Newcastle job on a full time basis despite picking up only 10 points from a possible 51 while Dick Advocaat is unsure whether he'd want to manager The Black Cats past the end of the season. Given the calibre of manager both clubs could realistically attract this summer, taking a punt on someone who has worked wonders just outside the Premier League could be the shrewdest of moves. Jokanovic has had a storied career in management having taken charge of five clubs in as many years including the likes of Partizan Belgrade, Levski Sofia and Thailand's Muangthong United. He was appointed at Watford on October 7 last year, becoming the club's fourth manager of the season after Giuseppe Sannino, scar García and Billy McKinlay. He took over a lovely situation with the club joint top after 11 games, unbeaten in five but with still a lot of work to do. He won his first game 3-0 away to Sheffield Wednesday and didn't look back, leading the club to 15 wins from their last 20 games to secure promotion. For all the latest NUFC News, Views and Transfers make sure to follow WhatCultureNUFC on Twitter and Facebook.