Last summer, Antonio Barreca left Torino and made a switch to AS Monaco, signing a five-year deal with the French club.
The left-back has made seven starts in the league and has one appearance each in the Champions League and Coupe de France this season.
Limited playing time with the Ligue 1 outfit has seen him being linked with a return to Serie A and also with a move to the Premier League in the winter market, with Newcastle believed to be interested in the 23-year-old.
Barreca will join the Magpies on loan until the end of the season with the right of redemption.
It is explained the deal is expected to be completed in a ‘matter of hours’ so that the player can make a move to St James’ Park.