Arsenal chiefs are prepared to sell senior pair Kieran Tierney and Granit Xhaka.
Scotland fullback Tierney is a top summer target for Newcastle, knowing he has been frustrated after finding himself lose his first-choice status to Oleks Zinchenko.
Midfielder Xhaka is also set to be sold, says the Daily Mail.
The Swiss has just over a year to run on his deal and Arsenal would prefer to sell than offer new terms.
This season he has proved a key man in Mikel Arteta's starting XI on the left on the midfield three.