The Magpies lost 3-1 at Manchester City on Saturday night, as Sergio Aguero's hat-trick handed the Premier League leaders all three points, with Jacob Murphy's goal merely a consolation for Newcastle.
Manager Rafael Benitez has been desperate for reinforcements this month, given that his side sit just two points clear of the relegation zone, and Mike Ashley now appears willing to back him.
A new striker is a must, given that Joselu and Dwight Gayle have struggled to score consistently, and The Mirror (02:22) report that the Magpies are considering a move for Atletico Madrid's Kevin Gameiro.
Gameiro, 30, has been a goal machine in recent years, hitting 67 goals in 144 games for Sevilla to earn a 2016 move to Atletico, and he found the net 16 times in all competitions last season.
The Frenchman has bagged five goals in all competitions this term, but has started just seven La Liga games – and the arrival of Diego Costa has now pushed him further down Diego Simeone's pecking order.
It's claimed that Gameiro's agents are trying to get him a move to England this month in order to give him regular playing time ahead of the World Cup, and Newcastle are interested in what would be a major coup.
Whether Newcastle have the funds to pull off a deal is another matter, whilst it's even added that Crystal Palace, Southampton and Swansea City are all keen on Gameiro too.