The 23-year-old has been a target for the Magpies for several months, per South American reports.
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However, they are going to face a lot of competition to secure his signature.
The forward is said to be on the radar of clubs such as Inter Milan, Tottenham and Lyon.
Given he has a release clause of around £14m, every European club could fit him into their budget.
The player is likely to move to a team with a profile that suits his talent, along with the squad space for him to get regular game time.