Real Madrid doubt Rodrygo would accept an offer from Newcastle United if it ever arrives
Newcastle want to bolster their attack and have been credited with an interest in the Brazilian forward.
However, they have yet to submit a bid for him.
Madrid want €100 million from suitors for the 24-year-old, but they could sell him for around €60m towards the end of the summer transfer window.
Newcastle are not the only ones looking to bring Rodrygo to the Premier League, with Arsenal, Manchester City, Tottenham Hotspur and Liverpool also believed to be keeping tabs on his situation.
However, none of them have made any move to sign him and he could remain at Madrid beyond this summer.
Newcastle could decide to wait until the final few days of the window before making a concrete move for the versatile forward, but it remains to be seen whether his mind would have changed by then.
Madrid manager Xabi Alonso insists he is in his plans, but Rodrygo made three appearances at the Club World Cup and did not finish any of the games.
The La Liga club played six games at the competition before Paris Saint-Germain eliminated them in the semi-final.
His last appearance was a four-minute cameo in the quarter-final against Borussia Dortmund.
It appears Madrid will not hesitate to sell him if a suitable offer arrives, and the opportunity to get such a player for €60m is one the Toons should not turn down if it presents itself.
They are unlikely to be favourites for his services but they should not hesitate to throw their hat into the ring once it is clear a deal can be done.
He needs to be playing regularly if he wants to go to the World Cup next year, and a Madrid exit could be on the cards in the coming days.
Newcastle will be offering him Champions League football and a place in the starting XI, which could see him consider a move in the long run.
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