Bryan Mbeumo, 25, has enjoyed a fantastic start to the season by scoring eight Premier League goals in just nine matches for Thomas Frank's Bees.
These eight goals astonishingly put him level with Manchester United's league tally for the season so far, which sums up the Red Devils' troubles pretty well.
Cameroon international Mbeumo courted interest from some of England's top clubs over the summer, with Newcastle top of a list including the Gunners and Liverpool, according to the Chronicle.
However, the £50million price tag saw them baulk at a transfer.
But the winger's strong start to the season has kept Eddie Howe and co keen on a deal.
The Telegraph report Newcastle are looking to strengthen their forward options and are internally discussing a move for Mbeumo in January.
The Magpies were hit with spending restrictions in the summer in order to comply with league Profit and Sustainability rules.
This saw them part ways with huge talents in Elliot Anderson and Yankuba Minteh, with the pair now doing well at Nottingham Forest and Brighton respectively.
Since the takeover of Saudi Arabia's Public Investment Fund (PIF) in October 2021, the Toon have spent more than £400m on new talent.
However, following news that PIF will cut investment from their sovereign wealth fund on international spending from 30 per cent to 18-20 per cent, the Toon may have to deal with tighter pockets a little longer.
PIF have assured supporters their backing will not change and will press on with plans for a new stadium, though this will not help with the immediate issues regarding PSR compliance.
Struggles in terms of recouping transfer fees have left their hands tied, which the Telegraph report could restrict their winter plans too.
In the meantime, Toon have triggered a one-year extension to Sean Longstaff's contract.
The St. James' Park outfit tried to land Marc Guehi in the summer with a deal that almost hit £70m, which was rejected by Crystal Palace.
Newcastle sit 12th in the league, while rivals Liverpool are second and Arsenal are third after playing out a thrilling 2-2 draw at the Emirates last weekend.
Liverpool brought in one player in Federico Chiesa in the summer, with Arne Slot largely using the stars left over from Jurgen Klopp's reign.
This being said, the club did also confirm the signing of Valencia goalkeeper Giorgi Mamardashvili for next summer in a £25m deal.
On the other hand, Mikel Arteta recruited heavily with Riccardo Calafiori the main arrival from Bologna for £42m.
Mikel Merino was added in midfield for £33m and David Raya's loan transfer from Brentford was made permanent for £27m.
Raheem Sterling and Neto also came in on loan.
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