Owner Mike Ashley has received significant international investment interest in recent weeks, including one party from China.
It is understood Ashley, who has reportedly tried to sell the north-east club twice in the past, is now considering all options open to him.
Back in Ocotober there were reports of interest from China of a potential takeover of the Magpies.
And it seems after Rafa Benitez guided the club back to the Premier League last season, Newcastle are once again the subject of a possible takeover.
Any proposed deal would prove difficult though with current owner Ashley having been in charge for over 10 years now.
Huge investment from a Chinese consortium could help Benitez go a long way with his transfer spending plans this summer.
Benitez will be well aware of the transfers they need to make in order to ensure they aren’t involved in a relegation battle next season.
Back in April, the Newcastle Chronicle claimed Benitez could have up to £100m to spend in the transfer window.
The club were relegated to the Championship last summer and came up at the first time of asking, winning the Championship title by a point over Brighton.
Should the Chinese consortium successfully negotiate a takeover, they will become the second Chinese owners in the Premier League alongside those at West Brom, while the Chinese consortium CMC owns a 13 per cent stake in Manchester City.
Championship clubs Aston Villa, Birmingham City and Wolves also have Chinese owners.