But for an astonishing £10 million.
The dramatic development comes after a top agent rang the club to offer them 23-year-old Carroll for just £20m.
Newcastle flatly rejected the idea and a further proposal of £15m plus add-ons.
They are prepared to offer £10m, though, for Carroll - who was a hero on Tyneside and would welcome a move back to his native North East.
Newcastle refused to comment publicly but a Toon source said: "Andy's a Geordie boy and it would be great to bring him home.
"But while he left on his terms he'd have to come back on ours."
Carroll would have to take a massive cut to his £90,000-a-week wages to return to Toon and finally end his Anfield nightmare.