The Chronicle reports today that Ashley, Derek Llambias and Pardew are set to hold a restructuring meeting following Sunday’s final game of the season at Everton.
The Chronicle: "A fresh phase of squad reshaping will begin next week, with a stringent review of the current first-team roster – and fringe first-team members could be moved on before new faces begin to arrive this summer.
"Newcastle are prepared to cash in on Leon Best and Nile Ranger, who has scored twice while on loan at Sheffield Wednesday, while Danny Guthrie will also learn his fate in the next week or so."
James Tavernier's future is up in the air, while Alan Smith and Peter Lovenkrands will see their contracts come to an end with both players expecting to leave.
Lovenkrands waved a "goodbye" to the fans on Sunday after the Man City fixture.