Newcastle are willing to re-sign Liverpool flop Andy Carroll for a cut-price deal of just £10 million, an astonishing £25 million less than he cost the Merseysiders almost a year ago.
The Sun reported that this development comes after a top agent rang the club to offer them 23-year-old Carroll for just £20 million.
But Newcastle have rejected the idea and a further proposal of £15 million plus add-ons, according to the report.
However, the Magipies are prepared to offer £10 million, less than 12 months after they sold him for a record-breaking £35 million.
Liverpool are believed to want a figure closer to £25 million, but are open to negotiation.
Other reports suggested Toon manager Alan Pardew may offer a deal of £15 million to secure his return to Tyneside as Newcastle fret over the future of several players.
Liverpool, who face Manchester City in the Carling Cup semifinal Wednesday, are denying trying to off-load their record signing.
But rumours of a rift with Kop boss Kenny Dalglish are rife.
Carroll argues the team are not playing to his strengths and only Steven Gerrard provides him with the service he needs to succeed.
He is expected to start the Carling Cup semifinal with Manchester City at the Etihad Stadium on Wednesday night, but his departure from the Kop is imminent despite scoring a rare goal during last Friday's FA Cup win over Oldham Athletic.
The Tyneside-born hit man has scored just six goals in 31 appearances for Liverpool, way off the 33 in 90 matches he notched for the Toon.
Pardew has a huge gap to plug in attack after striker Demba Ba jetted off to play at the Africa Cup of Nations last week.
The Senegal international has bagged 15 goals for the Magpies this term, including a stunner in the recent 3-0 victory over Manchester United.
The win over the Champions signalled a turnaround in fortunes for the Tyneside club who are pushing hard for Champions League football this season.