Newcastle United made 5/1 favourites, alongside Burnley, to sign Everton's Aaron Lennon in January

Newcastle manager Rafa Benitez looks on during the Premier League match between Manchester United and Burnley at Old Trafford on December 26, 2017 in Manchester, England.

Could the Everton winger leave for Newcastle United or Burnley this month?

Aaron Lennon of Everton looks on as he warms up prior to the Premier League match between Everton and Watford at Goodison Park on November 5, 2017 in Liverpool, England.

Newcastle United have been made 5/1 favourites, alongside Burnley, to sign Everton's Aaron Lennon in January - as of Friday afternoon.

Bookmakers Sky Bet opened a market on the Everton winger's future earlier in the day, shortly after Sam Allardyce admitted the Toffees are in talks to sign Arsenal's Theo Walcott, who can also play in Lennon's position, amid reports of a £20 million bid being prepared [the Telegraph].

Theo Walcott of Arsenal during the Carabao Cup fourth round match between Arsenal and Norwich City at Emirates Stadium on October 24, 2017 in London, England.

And it is Newcastle and Burnley who lead the betting at 5/1, ahead of Leeds United (14/1) and Watford (16/1), to land the 30-year-old.

Unlike Newcastle, Burnley have been linked with a move for Lennon [the Sun], although the Clarets have since signed winger Georges-Kevin N'Koudou on loan from Tottenham Hotspur, which could open the door for others to pounce.

Tottenham Hotspur's French midfielder Georges-Kevin N'Koudou (C) controls the ball in the build-up to scoring his goal during the UEFA Champions League Group H football match between...

The Yorkshire man, who has been in and out of Everton's starting eleven this season, is out of contract in six months' time.

Newcastle's January business will likely depend on the outcome of Amanda Staveley's proposed takeover at St James' Park, with Rafa Benitez admitting on Friday he is still unclear about his transfer budget.

Could Everton's Lennon leave for Newcastle United or Burnley this month?

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