Bony's representative, Dalibor Lacina, revealed Newcastle's decision to reject the striker last summer means a move to St James' Park is out of the question.
"I spoke to Newcastle about Bony last summer. Newcastle should have bought Bony a year ago but they didn't believe in him," he told The Shields Gazette.
"They could have signed him for £10 million, but they said they weren't sure if he was good enough, that he was only playing in Holland [with Vitesse]. Now he is worth £20m.
"The next step for Bony is a top-six team in England or a top team in Germany, Spain or France, or he will stay with Swansea.
"We have a certain strategy. Bony is in a totally different place to Newcastle and wants to move to a club with ambition. We have had no contact with Newcastle."
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