While Newcastle's immediate priority must be to sort out who will manage the club for the rest of the season, they can't afford to let the January transfer window pass them by.
The imminent departure of Alan Pardew will inevitably have a significant effect on transfer strategy, but Newcastle must still look to strengthen and could well press on with transfer activity despite the uncertainty on their bench.
The 20-year-old is something of a gamble. Blessed with vast natural talent, Niang has frustrated Milan coaches in the past with his attitude on the pitch and lifestyle away from the game.
While on loan at Montpellier, Niang crashed his Ferrari into several cars and then a tree and was given an 18-month suspended jail term for the hit and run incident.
It was not the first time Niang has been in trouble, having already been stopped allegedly driving without a licence in Milan.
The French Under-21 international is able to play on the wing or in attack and he did show his positive side with four goals in 13 games at Montpellier, but Milan still don't seem to trust him.
The Italian press seem to believe that Newcastle will put in an offer to try and tempt Niang, who has been linked with Manchester City in the past, to try his hand in the Premier League on a loan basis.