Transfer negotiations are reportedly ongoing between Newcastle and Bayern Munich over Joao Palhinha, the highly-rated midfielder. The clubs are believed to be some way apart on valuation, but dialogue is open as they look to strike a deal ahead of the run-in. Unconfirmed reports suggest both sides are hopeful of finding a resolution in the coming days - with other interested clubs said to be circling. Aston Villa, Sl Benfica and Nottingham Forest remain in the background, but for now, Newcastle are leading the way in ongoing talks. Joao Palhinha would be expected to strengthen Newcastle's squad overall and provide competition for places. Bayern Munich have also been linked with Benjamin Sesko and Bradley Barcola while Newcastle are reportedly monitoring Petar Sucic, Lukas Hornicek and Danilo Dos Santos De Oliveira. More on this story as it develops. Need more Newcastle transfer rumours? Follow @PlayerSwitchCom on Twitter for up-to-the-minute news from Newcastle.