Newcastle reportedly tried to prise the Queens Park Rangers striker away at the last minute.
And that bid involved Rolando Aarons heading to Loftus Road plus £10 million for a man rated by the R's as being worth £15 million.
The Mirror also report that Newcastle still hold out hope of signing the QPR striker, despite failing in a last-minute move for the 26-year-old.
A strange move?
The eyebrow-raising report is instantly questionable but, should it prove true, one has to question the thinking behind Newcastle's transfer policy on this occasion.
The Magpies have already let Olivier Kemen go and, for a club that supposedly now values youth heavily, offloading Aarons too wouldn't make much sense.
QPR could certainly utilise a pacy winger and the 19-year-old could well have performed in the Championship. But he should be considered as a big part of Newcastle's future.
What's more, if the St James' Park outfit truly wanted Austin, paying £5m more - rather than selling one of their most talented young prospects - would have made far more sense. Either the report, or Newcastle's decision making, is flawed...