The Portuguese superstar has asked Manchester United to consider offers for him this summer, but they insist that he is not for sale.
The likes of Chelsea, Real Madrid, Bayern Munich, and Paris-Saint Germain have all turned down the chance to sign the 38-year-old.
Ronaldo has reportedly turned down a lucrative offer from a Saudi Arabian club, according to ESPN, who have made a €30million (£25m) bid to sign him.
They have offered him the chance to become the highest-paid player in the world by offering him wages worth around £2m-a-week for the next two seasons.
But the forward rejecting that transfer has left him running out of options, which is when talkSPORT's Sam Matterface posed Newcastle as an option.
The Magpies would be able to afford the six-time Ballon d'Or winner after their big-money takeover, which has led to fans dreaming of a Premier League title.
But Jordan believes that, whilst a deal to sign the Man United man would be a 'Hollywood signing', it would ruin a lot of the 'smart and clever' work they have done in the transfer market.
He told talkSPORT: "They're not raving lunatics. They're not going mad. They still seem to have some commercial sense.
"On paper, [it would be a statement signing] because it would attract the attention of the world's media to St. James' Park.
"But, the point is, is it the right move for Newcastle United as they build a side that wants to challenge for the Premier League and wants to do what Man City have done?
"The bottom line is, if they're going to go after these achievements, then they must look at the models that have gone before.
"Manchester City didn't just rock in when the Thai Prime Minister was taken out and Sheikh Mansour was brought in - it took him four years to get to the Premier League title.
"And I think it will take something similar and maybe even longer for Newcastle to achieve that because the competition has got stronger and more financially adept.
"So, to go to your question, I think it would be a Hollywood signing that would take something away from Newcastle because they look like they're being clever, they look like they're being smart.
"They don't look like they're getting their pants pulled down or agents are running around thinking, 'We've got the latest mugs on the block'.
"They look like they're building a team that is built for the occasion, that is built for the incremental steps they're going to take, and I think that's smart and I think it's clever what Newcastle are doing.
"Signing Ronaldo, for me, whilst it would be a headline grabber, I'm not sure it's the right thing for Newcastle United Football Club at this stage in its development."
It also wouldn't necessarily be the right thing for Ronaldo, who wants to leave Man United to play in the Champions League, which Newcastle are not in. Not yet, anyway.