Newcastle United look set to receive a fresh loan-to-buy bid for Lloyd Kelly after rejecting an initial offer tabled by Italian giants Juventus.

Kelly has been subject to an array of continental interest, with Fenerbahce joining the Turin-based side in making a pursuit of the defender this January, despite doing little to impress on-field on Tyneside.

The 26-year-old may well be impressing in training with Eddie Howe having the vision of slowly integrating the defender into the team, if not covering as a left-sided squad option. But, there may be a temptation to sell if it frees up funds to strengthen in other areas this month.

Juventus set to launch new bid?

Fabrizio Romano reported on Sunday that we had rejected a loan with option to buy bid from Juventus. Since then, claims from Italian media have indicated that we’d only entertain a loan if it included an *obligation* to buy for €30m this summer.

Italian outlet TuttoSport are now claiming that Juventus are happy to meet our demand that they must buy Kelly after the culmination of his loan, however the Old Lady are hoping to pay half of our requested fee with a €15m offer set to be tabled.

Juve’s sporting director Cristiano Guintoli is said to be a big fan of Kelly and is hoping to bring him in tandem with Chelsea’s Renato Veiga.

However, based on the figures mentioned, the current gap in valuations and Howe’s likely reluctance to loan Kelly out without a replacement, it seems there is plenty of work to be done on this one.

Latest offer unlikely to be accepted?

The latest terms reportedly offered by Juventus still sit a way off our valuation of Kelly, which to my eye seems rather high considering how little he has contributed in his short time with the club.

We’re not in a ‘sell by any means’ situation as we were last summer with the sales of Yankuba Minteh and Elliot Anderson, but this feels a great opportunity to generate a healthy revenue for a player signed on a free.

If the club get €15m less than his valuation, but still a €15m profit within a year of Kelly becoming one of the top earners on our wage bill, would this be seen as bad business?

Should Kelly stay, I struggle to see his route to starts now Lewis Hall has nailed down the left-back position, Sven Botman has returned from injury and Dan Burn has filled in superbly in that left-sided centre-back role.

Cashing in on Kelly could leave us short should we suffer defensive injuries, but any good offers should be considered, especially if it handed us a PSR boost that freed up funds to spend in the final two weeks of the window.