The Magpies were beaten 2-1 by Watford on Saturday afternoon.
Signing the Scotland international will strengthen the Owls' hopes of being promoted from the Championship this season.
Newcastle are reportedly set to sign Tottenham winger Andros Townsend.
The Gunners were beaten 1-0 by Chelsea on Sunday afternoon.
Preston North End and Reading are both tracking Walsall striker Tom Bradshaw, according to reports.
The Hungarian is reportedly hoping to seal a loan move away from Anfield during this window.
Leeds United beat Bristol City 1-0 at the weekend, but they weren't at their best.
Manchester City, West Ham United, Leicester City, Southampton, Tottenham Hotspur and Chelsea stars feature.
Tim Howard made another mistake for Everton in their recent 2-1 defeat against Swansea City.
HITC Sport understands that NEC Nijmegen fear Venezuelan attacker could be set for move in this window.
Aston Villa, Liverpool, Chelsea, West Ham and West Brom will feature.
The Soccer Saturday host tells HITC Sport that the Scotland international can make the Cherries tick in the big time.
Brendan Rodgers has addressed the media ahead of this weekend's opening Premier League fixture where Liverpool travel to Stoke City.