The 20-year-old winger will commit his future to the Magpies despite Premier League interest.
Newcastle United star Rolando Aarons is set to reject interest from Premier League clubs and instead commit his future to the Magpies by signing a new five-year contract at St. James' Park, according to a report from the Independent.
Aarons enjoyed a breakthrough into the club's first team last season, scoring once in 11 appearances in all competitions and showing flashes of big potential on Tyneside.
The left-sided star is in the last year of his current deal and after the club's relegation there were fears that Newcastle would lose one of their brightest young talents.
However, the Independent claims that he has instead decided that his future lies with the Magpies and has agreed a new deal until the end of 2020-21 season which will be confirmed within the next 24 hours.
The report suggests that the main reason for Aarons' decision has been the impact made on the club by manager Rafael Benitez over the last six months, and the encouraging signs offered this summer.
Aarons played the final half an hour as a substitute in Newcastle's 1-0 opening-day defeat to Fulham last Friday, and is in contention for far more game time this term under Benitez.
The news of his impending new contract will come as a big boost for the Magpies, who would have been due a small fee set by a tribunal if he had chosen to leave the club.
Instead, he will be hoping to become a big part of the next chapter in the club's history as they look to repeat their success of 2009-10 by winning promotion back to the Premier League at the first attempt.