It has been a long drawn out pursuit but the deal looks set to finally be completed with the England international now expected to travel to Tyneside to discuss personal terms and undergo a medical.
Boss Steve McClaren has remained tight-lipped on transfer activity this month but the big-money signing of Townsend is unlikely to be the last of the spending.
For the full story click here:West Bromwich Albion forward Saido Berahino is next on the wanted list, with Newcastle desperate to add more firepower to their goal-shy forward line.
It would take a bid in excess of £20million to persuade West Brom chairman Jeremy Peace to sanction an exit for Berahino.
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For the latest developments click here: Meanwhile, McClaren has been handed a big injury boost ahead of the trip to Goodison Park to face Everton next week.
Steven Taylor – who wasn’t involved in last night’s Under-21 Premier League game against Derby County at Whitley Park – will play in a behind-closed-doors fixture this week to top up his fitness.
And McClaren also hopes to have defender Paul Dummett and midfielder Jack Colback – both out with hamstring problems – available for the Everton game on February 3.