Currently, the Frenchman is on-loan with Marseille and has been watched by the Nerazzurri.
TMW says no direct approach has been made by Inter and instead will wait for Newcastle to make a decision over Thauvin's future.
Thauvin is unlikely to be kept on if Newcastle are relegated.
The Nerazzurri are shopping in France for an attacking midfielder and are also considering Nice star Hatem Ben Arfa.