The Magpies were linked with the French playmaker in January as they lined up late replacements for Yohan Cabaye, but were unable to match his £15m valuation.
However, they are now ready to return in a bid to beat the likes of Arsenal and Manchester United to the talented 24-year-old.
It remains unclear as to whether or not they will look to meet his price tag when the transfer window re-opens, but it is thought that the club are ready to invest after failing to land a major arrival since January 2013.
Cabella ahs already been advised against joining Newcastle by Montpellier’s controversial owner Louis Nicollin, yet the lure of first-team action may be enough to get him to Tyneside.
The ‘Toon’ are believed to be ready to move early for the silky passer in a bid to beat interest from other sides.
Arsenal and United have both been linked with Cabella, but it remains unclear as to whether or not they will mount serious bids.