Lazio Striker Heading To Tyneside?
Liverpool and Valencia are also said to be looking at the 24-year-old, who has scored eight goals in 16 Serie A appearances this season.
But reports now suggest Rafel Benitez will not be backed by the club's Yank owners, as he is 11/10 to be the next Premiership manager to be sacked.
Pandev: "This morning the people from the club told me about the offer from Newcastle.
"Keegan's club want the negotiations to start soon, but I don't know anything about the figures and a possible sum.
"I am used to offers lately, but I don't decide, so this time it's not up to me again.
"Several days ago we agreed with Lazio for me to stay up to June, but anything is possible."