Alan Pardew is hoping to sign Bacca after receiving excellent reports from scouts on the striker who is at the World Cup with the impressive Colombia.
The 27-year-old has not featured for the South American side at the tournament due to a thigh strain but a brilliant debut season in Spain has seen Bacca linked with moves elsewhere, and Newcastle are hoping to win the race.
The Magpies have sent scouts to Spain as they look to bring in players ahead of the new season and the Sevilla forward has impressed, but Everton, Barcelona and Juventus are also tracking Bacca.
He signed for Sevilla last summer in a £5 million move from Club Brugge after spending two years in Belgium and has a remarkable goalscoring record wherever he has played.
After netting 25 times in 35 league appearances for Club Brugge, Bacca scored 14 La Liga goals in 35 appearances last season with five assists.
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Sevilla inserted a buy-out clause of £24 million after he made the move to La Liga and it will take a serious offer to bring the "best La Liga signing of 2013/14" as labelled by Marca, to St James' Park.
Newcastle have already added Siem De Jong but Pardew wants two strikers and is still hoping a move for Remy Cabella can be confirmed.
Carlos Bacca would be an expensive acquisition but one that would excite supporters and a free-scoring striker is required after a disappointing campaign last time out.
Will Newcastle win the race for Carlos Bacca?