According to George Caulkin and Paul Joyce of The Times, the Magpies are confident they can do a deal that would see the striker arrive for the remainder of the season.
"The final details on a temporary switch from Liverpool are in the process of being thrashed out with Sturridge increasingly minded to stay in England as he looks to reignite his stalled career," it's said. "Newcastle will have to pay a loan fee of about £1.5 million and cover the player’s wages of about £120,000-a-week for the remainder of the season."
Caulkin provided further context on Twitter, noting Newcastle are set to miss out on Feyenoord sharpshooter Nicolai Jorgensen:
Dominic King of the Daily Mail also reported that a move to Sevilla or Inter Milan is now looking unlikely:
For Sturridge, a move away from Anfield appears to be on the cards before Wednesday's transfer deadline passes.