Ipswich have agreed to pay United £2m down, with another £1m on appearances and a further £500,000 if Ameobi helps them win promotion.
Ameobi is waiting to see if any other clubs, especially in the Premier League, come in for him.
Stoke City pulled out of a deal we all thought was cast iron, so we will have to wait and see.
Regardless, it seems Ameobi has played his last game for Newcastle.