Newcastle are currently up for sale with controversial owner Mike Ashley expected to leave his post in the coming months.
And Sky Sports say the Tyneside giants have now been the subject of a £300million bid from financier Amanda Staveley’s PCP Partners.
It is said they made the offer late last week with Staveley determined to convince Ashley into selling.
However, it is currently unclear if PCP Partners are the only party to make a bid for Newcastle.
Ashley put Newcastle up for sale in October and is seeking a quick sale.
“As a result of increasing press speculation regarding the future of Newcastle United, the owner of the club, St. James Holdings Limited, wishes to clarify its intentions,” an official statement read at the time.
“As one of the Premier League’s oldest and best supported football clubs – and for the benefit of its many fans and supporters in the UK and across the world – Newcastle United requires a clear direction and a path to a bright and successful future.
“To give the club the best possible opportunity of securing the positioning and investment necessary to take it to the next level, at what is an important time in its history, its present ownership has determined that it is in the best interests of Newcastle United and its fans for the club to be put up for sale.
“To give an incoming owner the maximum possible flexibility to make meaningful investment in the club, including in its playing squad, the sale process will give interested parties the opportunity of deferring substantial payments.
“A process will now commence of identifying new ownership for the club that will be capable of delivering the sustained investment in and dedication to the club that is necessary for it to achieve its ambitions.”
Any sale is likely to see Newcastle given funds to spend when the transfer window reopens in January.
Ross Barkley could make the move after failing to secure an Everton exit in January.
And a shock move for former Liverpool striker Fernando Torres has also been mooted.