The Dutch club are holding out for £5million with our latest bid reported to be only £3million, but whether or not Freddy Shepherd will agree to up his bid for a player who is out of contract in 12 months time is another matter.
"As I understand it the asking price of Feyenoord is still too high and I'm not sure Newcastle are prepared to pay it," said Simon Konstantinidis.
"I have not yet become involved in any talks with Newcastle so it's fair to say that any deal is looking some way off. There is certainly no agreement between the two clubs yet, as I understand things.
"There's only 12 months of the player's contract to go and I don't think any club would be prepared to pay the kind of money that Feyenoord are asking.
"It was £8million last year and now, as I understand it, the asking price is around £5million."
Arsenal are believed to be monitoring the situation with Emerton and Thursday’s Daily Telegraph also claimed that the Gunners are preparing a bid for another of our transfer targets, Spurs full back Stephen Carr.