Magpies boss Steve McClaren attempted to land the Loftus Road star during the summer transfer window but his side were unwilling to meet the Championship side’s £15m valuation.
Instead the St James’ Park side offered £10m plus youngster Ronaldo Aarons but the bid was unsuccessful and QPR will have to hope they can tie Austin down to a new deal otherwise he could be free to leave the West London side on a free transfer next summer.
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Charlie Austin bagged 18 goals in his debut season in the top flight and his tally is all the more impressive given that QPR finished bottom of the table.
The former Burnley and Swindon Town man has continued to find the net in 2015/16 with the Charlie Austin scoring four goals in five appearances thus far this term.