The Magpies are reportedly unwilling to pay the £15 million asking price for the 26-year-old and are rumoured to have offered £13.25 million this week, according to The Independent, in a bid to bring the transfer saga to a close.
Why Charlie Austin?
No striker has scored more than 20 goals in one season for Newcastle since 2004 (Alan Shearer, of course) and boss Steve McClaren is desperate to buck this trend with the signing of Austin.
The former Swindon and Burnley man bagged 18 goals last season for a side that finished bottom of the Premier League and many feel this number would only increase should he sign for an established top-flight club.
Austin is keen to continue his progression and another season in the Championship would be a step back for him. With Euro 2016 on the horizon, Austin would be guaranteed first team football at St. James’ Park, something perhaps he would not get at a top-four club.
Is he worth it?
Queens Park Rangers certainly think so, and the majority agree given the modern English market. With a year left on his contract, The R’s have made it clear they would rather let this deal run down than sell their prized asset at cut-price.
It seems the patience displayed by Rangers has paid off and that they hold all the cards going into the final countdown of the summer window.
Does he want to join Newcastle?
By all accounts, Austin is keen on the move - as reported by the Chronicle - and he wants to work with McClaren as well as his former coach Steve Black, despite the likes of Leicester, West Ham, Spurs, and Sunderland all being linked with a move for his services.
So what’s the hold up?
In one word: Newcastle.
The club have loosened their purse strings this summer, splashing out an estimated £36 million on three new recruits, and hope that their own patient approach will pay off come the close of the window.
The Magpies have shown they will not be held to ransom on a player who has had previous injury concerns. Austin has dislocated his shoulder three times in his career and The Toon would want a stringent medical ahead of any proposed move.
While perseverance has paid dividends so far in signing Georginio Wijnaldum and Aleksandar Mitrovic, this risky tactic may see them lose out on a natural goal-scorer who could be the difference between the club challenging for a top-10 position and flirting with mediocrity once again.
Can a deal be done?
Of course, but QPR have made it clear they will not go any lower than their £15 million valuation and right now Newcastle are still testing that resolve before making a final play.
This could allow another club willing to stump up the asking price to sneak in under the radar, and a club in Newcastle’s position cannot afford to let that happen if they have real ambitions of improving their fortunes.