Longstaff is out at contract at the end of next month, and head coach Steve Bruce admitted in February that talks with the midfielder over a new deal had hit an “impasse”.
Everton are the latest club to be linked with a move for Longstaff, who made a goalscoring Premier League debut alongside his elder brother Sean against Manchester United earlier this season.
However, Longstaff will wait to see if a proposed £300million takeover is given the go-ahead by the Premier League before making any decision on his future.
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The club’s prospective owners are reportedly keen to address Longstaff’s contract situation. Longstaff, for his part, wants to stay at his boyhood club.
The 20-year-old had made 12 senior appearances – and scored three goals – by the time football was suspended in March due to the coronavirus pandemic.
A new deal for Sean Longstaff has been on the agenda at the club for more than a year.
Speaking after being named the North East Football Writers’ Association’s young player of the year for 2019, the 22-year-old said: “For me and Matty, we’re waiting for the club, really. It’s up to them what they want to do.”
Meanwhile, Newcastle’s players could return to training in small groups next week ahead of a proposed June 12 restart for the Premier League. Out-of-contract players may need to agree short-term extensions to their deals to complete the season.