The Telegraph says Newcastle chiefs are convinced a deal is close to being struck.
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Calvert-Lewin, 27, is ready to approve the move as he is keen on making the switch to St James' Park.
With a deal to 2025, Everton are also ready to sell, knowing a big sale will ease the financial pressure they're currently under.
The move is expected to see Callum Wilson depart later in the summer window.