Balotelli, 28, could be available for a free transfer and that would likely appeal to Toon owner Mike Ashley.
He is trying to sell the club and funds for manager Rafa Benitez to spend on players in January are running low.
But Newcastle could face competition to sign Balotelli if indeed he becomes available.
Marseille are 7/4 to pinch him from Nice and the striker has already proven himself a hit in Ligue 1.
Mario Balotelli is trying to leave Nice (Image: GETTY)
Mario Balotelli: Newcastle could do with some added firepower (Image: GETTY)
Wolves are 6/1 to land the forward, as are Crystal Palace.
Wolves are keen to strengthen to maintain their excellent run in the Premier League this term.
West Ham, meanwhile, are supposedly looking to offload Andy Carroll and could also lose Marko Arnautovic in the transfer window.
They are 8/1 to sign Balotelli but those odds could shrink as the months goes on.
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