Sammy Ameobi has made just three first-team appearances for Newcastle United this season.
Newcastle United currently have four players on permanent deals who are set to see their contracts expire this summer.
Ameobi and Bolton Wanderers have both struggled since they went their separate ways in January.
Is the fact that Ameobi is still at Newcastle United merely an indication of the club's poor transfer business?
The former Newcastle United and Crystal Palace boss is among the contenders to replace Mark Warburton at Rangers, after the Englishman left Ibrox in acrimonious circumstances.
The 24-year-old returned from a loan spell at Bradford City last month and faces an uncertain future at Newcastle United.
Bolton Wanderers are interested in re-signing Sammy Ameobi from Newcastle United this month.
The Newcastle United winger spent the first half of the season on loan at Bolton Wanderers.
Newcastle United have recalled Sammy Ameobi from his loan spell at Bolton Wanderers.
Few expected Ameobi to ever play for the Magpies again.