And if and when that is confirmed, Steve Bruce can begin to look ahead to the summer as he searches to bolster his squad to try and avoid another relegation battle next season.
Over the previous two summer transfer windows, Mike Ashley, by his standards, has spent reasonably big but due to the impact of Covid-19, and hopes of a takeover still lingering, Bruce could have limited funds to work with.
If that is the case, the Magpies head coach will be required to box clever and potentially explore the free agent market, just like he did last summer with the arrivals of Jeff Hendrick and Ryan Fraser.
We take a look at some of the top-flight players set to be out of contract at the end of the season – would you like to see any of these at St James’s Park?
17. Ryan Bertrand
A Champions League winner with Chelsea, Bertrand is reportedly attracting interest from Leicester City. Talks over a new contract have taken place but the 31-year-old’s future remains uncertain. Photo: Catherine Ivill
18. Juan Mata
We’re sure Newcastle fans would love a bit of Juan Mata flair at St James’ Park for a season or two but the chances of that are extremely slim. Man Utd also hold a one-year option but activating that seems unlikely at the moment. Photo: Pool
19. Kyle Bartley
The West Brom central defender is reportedly someone of interest to United, as claimed by the Telegraph last month. If the Baggies lose their Premier League status, they could also lose the 29-year-old for nothing. Photo: PETER POWELL
20. Andros Townsend
Unfinished business? Townsend could well feel that way given he quit Newcastle after just six months when the club were relegated to the Championship in 2016. He has, however, always spoken very highly of the supporters. Photo: ADAM DAVY