By Rob Stewart
The Magpies want to secure the services of the former Wolves player to bolster their midfield options ahead of a campaign that will include Europa League football.
Newcastle manager Alan Pardew sees Davies as the ideal recruit to intensify the competition for places in midfield where French international Yohan Cabaye and Ivorian Cheikh Tiote struck up a formidable partnership last season.
The pair were instrumental in the Toon's ascent to a fifth-placed finish in the Premier League that mean Pardew's side, who were relegated three years ago, can look forward to a return to the European stage.
Bolton manager Owen Coyle is reluctant to allow 24-year-old Davies to quit the Reebok Stadium following the Trotters’ relegation to the Championship but it is understood that a £3m offer will be enough to prise him away from the Lancashire club.
|25/1||Alan Pardew is 25/1 with William Hill to be the next Liverpool manager.|
"They have had their eye on him for some time now and so if all goes well then Mark will be a Newcastle player this summer," a Tyneside source told Goal.com. "They are talking about £3m for a player who did well for Bolton even though they went down.
"He is a bright, skilful and hard-working player who would fit nicely into Pardew’s team but it would be made clear to him that he would have to get past Cabaye and Tiote to get into the first team."
Newcastle’s interest in Davies suggests that Danny Guthrie, who has been linked with Aston Villa, will be allowed to leave when the transfer window opens in June with his current contract expiring in the next fortnight.
Former Manchester United full-back Danny Simpson, who is reported to be interesting Fulham, will also be allowed to leave having rejected the offer of a new deal from the Newcastle board.
The Tyneside club are also being tipped to sign 22-year-old full-back Romain Amalfitano from French side Stade de Reims with a deal already said to have been agreed between the two parties.