Anthony Elanga is set to become Newcastles first major signing of the transfer window after the Magpies reportedly agreed a 55 million 75 million deal with Nottingham Forest.
The Athletic, BBC and Sky Sports all reported on Tuesday that the Swedish international is on his way to St James Park.
Elanga was one of the stars of Forests surprise seventh-placed finish in the Premier League last season, scoring six goals and providing 11 assists.
Forest paid just 15m to sign Elanga from Manchester United two years ago.
Newcastles attempts to strengthen their squad in preparation for a return to the Champions League next season have so far been frustrated.