The Geordie giants have made no secret of their newly acquired riches, with several new signings made since the Saudi backed takeover of the club earlier in the season.
News has emerged via The Sun that the Toon offered the Eagles a £5m upfront fee during the January transfer window to try and lure their playmaker away from Selhurst Park. This was with a view of a loan-to-buy option, with the possibility of making the move permanent at the end of the season with another £35m paid on top.
This was rejected by Palace as they understandably did not want to sell one of their top players midway through the season, and to a potential rival.
Even with this in mind, Newcastle Utd, with the new ability to put mega-money into the squad, are confident that a deal can be made in the offseason to have one of the Premier League's brightest young talents join the ranks of the Magpies.
With Palace spending £17m to sign Eze from QPR no less than 18 months ago, the South London side could be inclined to double their money by letting him go during the summer window.
Let's talk stats.
South London boy, Eze, aged only 23, and arguably in his prime years, scored four goals in 34 Premier League appearances last season before suffering an Achilles injury that not only brought an end to his season but also saw him miss out in Gareth Southgate's Euro 2020 squad, which reportedly had some of the Palace dressing room in tears.
Eze has only started one Premier League game this season and was again an unused substitute in Palace's 0-0 draw at Brentford last weekend, with in-form Michael Olise being the preferred option for Palace going forward as things stand.
Should Palace look to move Eze on?
This question will undoubtedly divide opinion amongst Palace fans. Some would see this as a huge step backwards in their push for better things and not to mention a narrow-minded decision to let one of the leagues hottest properties move on to a rival club.
Others would see a figure that is more than double the fee that was paid, for a player that has not featured in many matches for Palace, and that would finance an even bigger rebuild in weaker areas of the squad as a clever business decision.
There is no doubting Eze's quality, and with three and a half years to run on his current contract in South London, it will be interesting to see what happens when the final whistle blows on this season and what Eze decides to do.