The Hatters manager, described by many as one of the brightest young prospects in English management, has been linked with clubs such as Portsmouth and Everton ever since criticising the board over the Junction 10 debacle.
Club captain Kevin Nicholls revealed that Newell had spoken about his future to the players.
"Mike Newell is an honest man, and he told us he was very happy at the club," Nicholls said. "He said that if a longer contract were put in front of him, he would sign it."
Meanwhile, the proposed move to Junction 12 of the M1 is starting to gather opposition. Members of the local council have already stated their intention to oppose the move. Meanwhile, Trust in Luton have collected over 2000 signatures in a petition calling for 'a swift relocation to a suitable new site with full cooperation from all involved parties (apologies to TiL for getting this wrong yesterday).