The 18-year-old attacking midfielder has rejected Rangers initial contract offers.
Football InsidersaysLowry's agent met Toon head of recruitment Steve Nickson in a hotel prior to the clash against Wolves earlier this month.
Lowry's current deal expires next year and Rangers want to extend his stay until 2024.
The Magpies are leading the queue amongst English clubs trying to entice Lowry down south.
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