According to The Telegraph, the Magpies are 'pushing ahead' with a £15 million ($19m) bid to sign Ramsdale from Arsenal.
The former Sheffield United and Bournemouth goalkeeper has fallen out of favour at the Emirates Stadium, with Brentford loanee David Raya being preferred by Arsenal boss Mikel Arteta this season.
It had previously been claimed that a deal to send Ramsdale to Newcastle was 'agreed' between the two sides.