Brett has admitted Champions League football was his main priority for next season.
United look odds-on to clinch a place in the prestigious competiton ahead of Leeds United, who are also monitoring the situation regarding Emerton.
Manager Bobby Robson has been chasing Feyenoord's Australian international Brett Emerton for some time now, but until recently neither party would confirm that the magpies are favourite to land him in the summer.
Newcastle's win at the Stadium of Light on Sunday meant that they are now just two points behind reigning champions Manchester United, but have a game in hand and have secured their place in the breakaway group of four at the top of the Premiership.