The 22-year-old joined the Magpies' youth set-up from Bristol City in 2014 and made his first-team debut against Manchester City in August of that year.
However, the Jamaica-born ace has failed to progress as hoped on Tyneside, with just one start last year in the Championship and two substitute appearances in the top flight this term.
The former England Under-20 star has been playing for the Under-23s and it has been rumoured that he may be allowed to leave in the upcoming transfer window.
The Daily Mirror claim that Town are one of three clubs battling it out for the youngster, with fellow Premier League side Crystal Palace and Championship Aston Villa also linked.
Aarons has struggled with hamstring problems over the past couple of years but has been fit all season and it seems as though he does not feature in Rafa Benitez's long-term plans.
Whether he is allowed to leave either permanently or on loan only time will tell, but it appears as though there is no shortage of suitors.