Colback has enjoyed two season-long loan spells at Nottingham Forest, having not kicked a ball for Newcastle under Rafael Benitez in two years.
And it looks like Reds boss Martin O'Neill might be all for a permanent move.
The former Republic of Ireland manager said regarding Colback, as quoted by The Northern Echo: "I have a fairly decent idea in my mind of what we want to do."
Getting rid of the 29-year-old makes total sense for Newcastle.
Colback is about to enter the final year of his Magpies contract [The Northern Echo]. This is a £50,000-a-week player [The Chronicle] so Benitez would free up some £2.6 million on the wage bill if O'Neill snaps him up.
Have something to tell us about this article?