The Evening Chronicle says Toom have been told to cough up more than £20million if they are serious about signing Jorgensen.
Toon boss Rafa Benitez failed to bag the Danish striker in January after baulking at the Dutch side's valuation.
Feyenoord are prepared to do business, but their stance has not changed since the winter transfer window.
Despite a tight budget, Benitez is desperate to add a proven marksman to the ranks as Newcastle look to push on from a successful return to the top flight.
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