Anthony Gordon has agreed terms with Bayern Munich, talkSPORT can reveal.
However, there remains a significant gulf between Bayern and the Magpies after the clubs began talks.
Anthony Gordon celebrates against Manchester United
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Gordon has agreed terms with Bayern amid talks between the two clubsCredit: Getty
Newcastle are seeking £75million or more for their winger, who has scored 17 goals in all competitions this season.
And there is optimism that the club’s valuation will be met, given the volume of initial interest.
Arsenal also appreciate Gordon, while Liverpool hold a historical interest, having come close to signing him in 2024.
But the Reds are not expected to enter the race this summer.
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Bayern have made signing another winger their main priority in the upcoming transfer window, after winning the Bundesliga title.
And Gordon emerged as one of their top targets in April, with the German giants now making their move.
The 25-year-old agreeing terms represents a big step and one that could end up with Newcastle letting him go.
His current contract at St. James' Park runs through until 2030, after he signed a new long-term deal two years ago.
Eddie Howe refused to give away any information when asked about Gordon's future at the club last week.
The Newcastle boss said he believed that his star remains 100 per cent committed despite the links away.
Anthony Gordon in a Bayern Munich shirt
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Gordon to Bayern Munich has taken a massive step closer to happening this summer
Howe said: "He wouldn't be in the squad if that wasn't the case.
"And I judge that, as I said many times, not on communications elsewhere, I do that with my relationship with the player and how I see them train."
Gordon's impressive season
Interest from Bayern comes following Gordon's standout campaign for Newcastle, particularly in Europe.
He scored 10 goals in 12 Champions League games this term, breaking icon Alan Shearer's record in the process.
Success has been hard to come by in the Premier League, but he has still managed to play a hand in eight goals this season.
Gordon has spent the last three years as a Newcastle player, picking up 17 caps for England over that time - and now he could end up joining his Three Lions captain Harry Kane in Germany.
Anthony Gordon awarded MOTM in Champions League
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Gordon starred for Newcastle in the Champions League this seasonCredit: Getty
More to follow...