Magpies expect to land England U21 player imminently.
Newcastle United head coach Alan Pardew will reinvest some of the proceeds from the expected sale of midfield player Yohan Cabaye in order to buy highly rated Blackpool youngster Tom Ince this summer, according to reports in the Daily Mirror.
The Magpies are understood to already be preparing for life at St James’ Park next season without their cultured France international, who is expected to sign for either Premier League rivals Arsenal or big-spending Ligue 1 champions Paris Saint-Germain before the close-season transfer window closes for the year on Sept 2.
And the Geordies then plan to splash some of that £15 transfer fee for Cabaye on Blackpool midfield player Ince, who is rated as the most promising young star currently plying his trade in the Championship.
The England Under-21 international, who very nearly joined Premier League new boys Cardiff City earlier this summer for £8m, only for the player himself to turn down the move after the two clubs had a agreed a fee, has been with the seasiders since August 2011, when he arrived on an initial two-year deal from Liverpool.
And in the intervening period, the 21-year-old has gone on to score 27 goals in his 89 games in all competitions for Blackpool, who are demanding a similar £8m fee for his services, a figure that Newcastle are said to be prepared to pay, unlike another interested suitor earlier this summer, Tottenham Hotspur.