But the St James' Park outfit could yet move for the 26-year-old if his £15 million valuation drops.
The Chronicle report that sources close to the club feel Newcastle's transfer business may be over for the window - unless prices drop on Austin and potentially Aymen Abdennour, too.
It comes as little surprise that Newcastle could well bid for the QPR striker if his price is lowered. Even West Ham, who have famously fallen out with Austin this week, could still be tempted if the valuation was reduced.
Daniel Levy at Tottenham Hotspur, meanwhile, is famed for doing exactly the same.
But the fact Carr isn't sold on the 26-year-old remains a key factor. Those who discuss Austin seem split into two very distinct camps.
One argues that a striker who scored 18 Premier League goals in a poor QPR side - and that has scored three times in two Championship games this week - is always worth the risk. The other, though, questions his fitness and movement outside the box. Which camp will Newcastle be in come Deadline Day?