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Reports from the Metro claims Arsenal are ready to let go of Kieran Gibbs and have slapped a £8million price tag on his head.
Gibbs, 27, has just 12 months remaining on his current contract.
And he is seeking a £70,000-a-week pay deal – a figure that put off a number of suitors given that he played just 11 times in the Premier League for Arsene Wenger the last term.
Newcastle are monitoring his progress and Rada Benitez is keen to sign an experienced defender, as he prepares for the Magpies’ return to the top flight.
Watford are also keeping tabs on Gibbs, although recent reports suggested the Gunners had valued him at £15m.