The midfielder has made a positive impact since joining the Magpies in January, scoring two vital goals that have helped to secured his side four points, and generally adding a dash of much needed energy to the centre of the park.
In fact, it is understood that the Toon Army are already keen on keeping Willock at St. James’ Park, but doing so won’t come cheap.
The Mirror report that Arsenal are open to selling their academy product, but will only do so if their eight-figure fee is met.
However, it remains to be seen whether or not Newcastle chiefs have the means or desire to fork out that amount of money on the 21-year-old, and as such, another loan bid could prove to be a more realistic option.
Despite only having played 602 minutes in the Premier League since arriving in the north east, Willock is already considered to be the Magpies’ sixth-highest-rated player this term, according to Whoscored.
Elsewhere, Kyle Scott’s proposed move to the MLS appears to have hit the buffers.
Football Insider reported earlier in the week that the Toon midfielder, who is still yet to make a first team appearance on Tyneside, had received a contract offer from FC Cincinnati ahead of his current deal expiring at the end of the season.
Reports are now suggesting, however, that the ex-Chelsea man has turned down the deal, and will instead look to stay in Europe.
We’ve gathered the rest of today's Premier League transfer speculation below...

5. Blades want big Berge fee
Sheffield United will require a substantial fee in order to sell reported Manchester City target Sander Berge. If that price tag is not met, the club will have no problem in keeping the midfielder at Bramall Lane. (Yorkshire Live) (Photo by OLI SCARFF/POOL/AFP via Getty Images) Photo: OLI SCARFF

6. N'Koulou rumours resurface
Leeds United, AC Milan, and Napoli are among the sides who are monitoring the situation surrounding Torino centre-back Nicolas N’Koulou. (Il Corriere Granata) (Photo by Valerio Pennicino/Getty Images) Photo: Valerio Pennicino

7. Ferdinand opens up on United mistake
Rio Ferdinand believes Manchester United made a mistake when they allowed Brighton striker Danny Welbeck to leave Old Trafford. (FIVE Youtube Channel) (Photo by Oli Scarff - Pool/Getty Images) Photo: Pool

8. Ostigard expects big summer
Coventry City loan star Leo Ostigard admits he faces a big summer that could change the course of his career. The 21-year-old is out of contract at parent club Brighton at the end of the season. (Coventry Live) (Photo by Naomi Baker/Getty Images) Photo: Naomi Baker

