The England international bagged four goals in 13 Premier League appearances after moving to Tyneside from Tottenham Hotspur during the summer transfer window.
But that impressive output wasn’t enough to land Townsend a place in Roy Hodgson’s Euro 2016 squad or to steer the Magpies clear of relegation.
The 24-year-old has been linked with a move away from St. James’ Park for much of the summer and the latest reports suggest he could make a switch to Crystal Palace.
Sky Sports claim Alan Pardew’s side are set to launch a £13million bid for Townsend, which will activate a relegation release clause in the winger’s contract.
Palace appear ready to spend big on attacking recruits this summer, having reportedly seen a £31million bid accepted for one-time Magpies target Michy Batshuayi.