Sources in Greece have confirmed Abeid, who was a star player on loan for Panathinaikos last season, has been told his Newcastle career is not over.
He helped them win the domestic cup last season.
The Greek club believed the 21-year-old was set to sign a deal with them but devised an offer which would see Newcastle only make any cash if they sold him on at a further date.
Quite a nice deal for the Greeks ... but not for Newcastle!