There have already been a number of top-flight transfers completed so far and even though the clock is ticking rapidly towards the 11pm deadline, anything can still happen.
Most of the deadline day talk has centred around Liverpool as Jurgen Klopp closes in on two new central defenders - and surprise ones at that.
Klopp is currently without Virgil Van Dijk, Joe Gomez, Joel Matip and Fabinho, leaving the Reds extremely short at the back. However, it seems he’s found a solution or two.
Preston North End’s Ben Davies is closing in on a swoop £2million move, while a deal for Schalke’s Ozan Kabak is edging ever closer after the German club recruited Shkodran Mustafi from Arsenal.
Indeed, both Arsenal’s Ainsley Maitland-Niles and Leicester City’s Hamza Choudhury could also be on the move to West Brom and Newcastle, respectively.
Maitland-Niles had attracted interest from a number of clubs but it looks as though the Baggies will win the race ahead of Southampton and Leicester.
Leicester's failed attempt to bring Maitland-Niles to the King Power Stadium could have repercussions on Newcastle and their desire to sign Choudhury.
Foxes boss Brendan Rodgers says he is in no rush to sanction Choudhury’s exit. It seems he will only do so if Rodgers finds a replacement. Watford’s Nathaniel Chalobah is an option.
But they aren’t the only deals hitting the headlines, with plenty more to keep an eye on.
Here’s a round-up of some of the other deadline day rumours involving Newcastle and their top-flight rivals ahead of the deadline:
9. NUFC wait on Choudhury developments
Newcastle continue to wait for developments regarding Hamza Choudhury. Leicester City will only sanction the midfielder’s exit if a replacement can be found - which could be Watford’s Nathaniel Chalobah. (Various) Photo: BEN STANSALL
10. Maitland-Niles set for West Brom
West Brom look set to win the race for Arsenal’s Ainsley Maitland-Niles after reigniting their interest. This could have repercussions for Newcastle in their pursuit of Choudhury as Leicester, alongside Southampton ,were hoping to sign the midfielder. (Various) Photo: Pool
11. Ntcham travels to France
Celtic midfielder and Newcastle target Olivier Ntcham has travelled to France to complete a loan move to Marseille. He’ll join for an initial loan fee of £4.5million with an option to buy at the end of the season. (RMC Sport) Photo: Ian MacNicol
12. Willock to NUFC close
Arsenal midfielder Joe Willock is on the verge of completing a loan move to Newcastle, with both clubs confident a deal is on the brink of being agreed. If Willock succeeds on Tyneside, it is likely his loan will extend into the 2021/22 season. (Daily Telegraph) Photo: Julian Finney