However, for West Ham to be able to tempt Benitez away from his Newcastle project, Waddle believes they would need to offer the Spaniard some "unbelievable" assurances to get him to sign.
Although he is resisting the temptation to leave, Benitez would be intrigued by the West Ham job if he can not reach a satisfactory agreement with Newcastle.
Nonetheless, we now have additionally realized they don't assume the clause which states he should pay a 12 months's wage if he breaks his contract is an impediment to leaving the membership.
Benitez is now in talks with managing director Lee Charnley about a new deal - with the current one expiring in 2019 - but as the Chronicle reports, interest from West Ham United in the Spaniard is holding things up.
Benitez, meanwhile, wants to stay at Newcastle.
'The membership count on to make an announcement throughout the subsequent seven days, following a radical and strategic course of that has recognized the absolute best candidate'.
The other day a journalist Kostyantyn andriyuk, citing its sources reported that Paulo Fonseca will leave the club this summer.
Co-owner David Sullivan said: "We are preparing to appoint a manager who has a proven record of success at the highest level of the game".
He said: 'When I had the meeting with Mike Ashley (in May, 2017) I was confident that we have the money available and the wages. Owner Mike Ashley has announced he will give Rafa "every penny" to spend on players, but that news has been met with scepticism from the fans.
His representatives have been in talks with managing director Lee Charnley, acting on behalf of Ashley for several weeks, but little progress has been made.