The clubs are close to agreeing a deal for the former England under-21 international, who will then decide whether he wants to make the move to Tyneside.
Should the deal go through, the 24-year-old would become Villa’s first major sale of the transfer window, potentially allowing Unai Emery more wriggle room in the final weeks of the market.
The sale of Ramsey, who joined Villa’s academy at the age of six, would be booked as pure profit.
Emery is a fan of the player and would be happy to keep him on board for the season ahead.
But with just two years remaining on his contract, talks over a new deal have failed to progress in recent months, with Villa not offering the kind of package wanted by Ramsey’s camp.
While West Ham showed interest earlier in the window, Newcastle are the first club to emerge as serious suitors, with Eddie Howe admiring Ramsey’s versatility.