With the Jets now out of the finals picture, Milicevic is preparing to weigh up his options and decide whether to stick or twist.

The Jets are keen to retain his services but new boys Heart are keen to try and tempt him home to Melbourne.

Asia is another possibility but the player himself seems keen to remain in the A-League.

"There has been interest from the Melbourne Heart and China is also an option. I'm not sure if Asia is the right place for me at the moment. Those are the things I have to work out," he told the Newcastle Herald.

"I have enjoyed it at Newcastle. I'll talk to the club over the next week or so and then decide if I want to stay or if my future lies elsewhere."

Newcastle are also reportedly keen to extend the stay of Ali Abbas.