Geremi is closer to a shift to Turkish club Besiktas from Newcastle after holding talks with the Istanbul club.
Magpies boss Joe Kinnear said a move was likely for the 30-year old Cameroonian.
"He is talking to Besiktas at the moment. He is speaking to us at the same time, but I think he is trying to sort out some sort of contract there," he said.
"Last night, we thought the deal would have been completed, but it has dragged on a little bit and we are waiting to see what happens."
If the move goes ahead it will Geremi's second stint in Turkey after he played for Genclerbirligi from 1997-1999.