The 26-year-old left-back is understood to have completed a medical on Tyneside and is expected to sign permanently for The Magpies having previously impressed on loan during the second half of the 2021-22 season.
And Newcastle fan Neil Davison confirmed Targett's arrival on Tyneside as he posted a selfie with the left-back next to the Sir Bobby Robson statue at St James’s Park on Wednesday afternoon.
Newcastle United consider loan for £58m 'captain' as Chelsea trio remain on Eddie Howe's radar
Goncalo Ramos' 14-word response to Newcastle United transfer interest following ‘bid’ reports
Brendan Rodgers reveals he talked Swansea City defender out of move to Newcastle United whilst on Mount Kilimanjaro
Newcastle United transfer news: Chelsea ‘considering second bid’ for Newcastle target, Southampton forward ‘top’ of Everton wanted list
Sergio Aguero backs 'difficult' Newcastle United, Aston Villa and Brighton to ‘fight’ for Europe
The photo was accompanied by the caption: “He's in the building.”
Targett is set to become Newcastle’s first major summer signing with the transfer window set to officially open on Friday, June 10.