Kieran Trippier and Chris Wood have already joined the ranks at St James’s Park this month and more deals are expected to come before deadline day.
Eddie Howe’s side currently sit in 19th place in the Premier League and will be looking to use this window to strengthen their chances of being a Premier League side next season.
And since the takeover of the club, a plethora of players have been linked with a move to Tyneside.
Here, we have listed 15 of the most prominent players rumoured to be on the move to St James’s Park this month and rated the rumour from: 1 - wide of the mark, to 5 - definite interest and a real possibility of the transfer happening.
What do you make of our ratings? How many of these players could you see joining Newcastle this window?
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9. Lucas Digne - 3/5
There is interest from Newcastle in the full-back, however, a move to relegation-threatened Newcastle is not believed to be appealing to the Frenchman, instead preferring to join a club with immediate European prospects. Photo: Clive Mason
10. Divock Origi - 3/5
Last month, all reports pointed to Origi staying at Anfield to act as cover for Sadio Mane and Mo Salah who are departing for the African Cup of Nations. However, recent reports suggest that he may be allowed to leave Merseyside this window. Photo: Andrew Powell
11. Georginio Wijnaldum - 2/5
A return to St James’s Park for Wijnaldum is possibly more of a dream than realistic at this point, however, the player is reportedly unsettled in Paris and has previously spoken positively about his time in the north east - stranger things have happened. Photo: Dean Mouhtaropoulos
12. Eddie Nketiah - 3/5
Crystal Palace are also reportedly interested in the Arsenal striker who is seemingly set to leave the Emirates in search of first-team football. Photo: Ryan Pierse