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After landing Ashley Young from Manchester United, Inter Milan are looking to offload Lazaro, and Newcastle is his preferred destination.
The Magpies have reached an agreement with Inter for a loan with an option to buy for the 23-year-old attacking midfielder. The player’s agent is currently in England to discuss terms with the Magpies and complete the deal.
The 23-year-old joined the Italian giants from Hertha Berlin for a transfer fee of €24 million (£20.43 million), but has dropped down the pecking order at the San Siro this season under Antonio Conte.
The 26-times capped Austria international is a versatile attacking midfielder who can play across the pitch, and can also operate centrally.
The Magpies are also reportedly interested in signing Jarrod Bowen from Hull City, and are preparing a bid for him this month.