A select summary of all the transfer news surrounding the Magpies today.
The 24-year-old emerged as a target for Rafael Benitez earlier this month, and after some back and forth between the two clubs, including two rejected bids from the Magpies, it appears as though the club will finally get their man sooner rather than later.
Hanley was pictured on Tyneside ahead of undergoing a medical with the club, as reported by the Shields Gazette, and his signing is expected to be confirmed in the next few days.
The report claims that Benitez is a big fan of the 19-year-old and keen to bring him to Tyneside, but that Jurgen Klopp will resist any potential move as he wants to keep the England youth international in his squad.
That desire to hold on to Ojo has only been increased by the £15 million sale of Jordon Ibe to Bournemouth, with Ojo now considered the Reds' best young prospect in a wide position.
Ivica Olic seems to have poured cold water on rumours linking him with a move to Newcastle or their fellow relegated rivals Aston Villa, instead telling Bild that he would favour a move to 1860 Munich.
The veteran Croatian striker is currently a free agent, and it had been speculated that he could end up in the Championship this summer.
Meanwhile, Tottenham Hotspur have ended their interest in Georginio Wijnaldum as Newcastle refuse to consider budging on their £27 million valuation, according to Sky Sports.
That appears to leave Liverpool as the only club chasing the Netherlands international, but with the Magpies also unwilling to compromise over the structure of a move, any deal remain a long way off.
This from the Chronicle suggests that Benitez's side are willing to wait it out until the Reds pay their price up front, while the paper also adds that there is no chance, despite speculation, that full-back Jon Flanagan will be moving to Tyneside as part of any deal.
The French midfielder has been very public with his desire to leave St. James' Park this summer, and even went as far as to suggest earlier this year that the Gunners would be his preferred destination.
The report claims that the Magpies hierarchy are resigned to losing the 26-year-old, but that Arsenal are not prepared to stump up the £35 million that the Tyneside club have requested for the star, instead valuing the midfielder at around £20 million.