The Magpies boss does not think that there is a chance of a deal being completed to bring the England international back to his former club before Friday's deadline.
The striker left the Magpies in a 35 million pound deal in January but has been linked with a return to the club this summer and was the subject of a rejected loan bid. West Ham have also expressed interest in Carroll.
Pardew is not expecting Newcastle to push through a move for the target man.
"Not as far as I'm aware, no," he told reporters when asked if a deal could be done.
Pardew went on to reveal that Newcastle is waiting patiently for possible opportunities to present themselves over the course of the final two days of the transfer window.
The 51-year-old did concede, however, that the players that they were interested in appeared settled at their current clubs.
"We are just watching the market and seeing if anything pops its head up that's appealing to us," he explained. "Agents keep ringing me and giving me all sorts of names - they must think we don't scout - but we are aware of the ones we are watching and if they decide to move on, then we might trigger ourselves.
"But at the moment, the targets we have are all very much secure at their clubs."
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