The Spanish teenager is all set to join the Toon and head back on loan to Cantabria.
This week Newcastle United have finally agreed that temporary boss John Carver will remain in charge of first-team affairs until the end of the season, following the departure of Alan Pardew to Crystal Palace.
With that matter finally decided the club can now begin to look at the transfer market in more depth, with a deal for David Concha reportedly nearing completion.
Diario AS is reporting today that a move for the player is imminent. The Spanish paper report that Concha, who does not have an agent, has personally visited the club this season, attending the 1-0 defeat against Sunderland in the Tyne-Wear Derby.
Concha is currently plying his trade with Racing Santander in the second tier of Spanish football. The cash-strapped club is helpless in their attempt to keep the player. The fact that Racing are currently in the relegation mark of the second tier is also not going to help them keep hold of the talented attacker.
The 18-year-old is a Spanish under-19 international and made his debut for Racing in December 2013, aged 17.
This season he has played 21 times for the club, scoring two goals, mostly playing from the wing.
The report claims that he is likely to return to Santander on loan for the rest of the season and that his parents have given the go-ahead to their teenage son to make the move to Tyneside.
He would join fellow Spaniard Ayoze Perez at the club.