Talks with Stoke over a swoop for the 23-year-old broke down earlier this summer, while Everton have shown interest.
But Schalke have declined to pursue their chase of the winger, coach Andre Breitenreiter revealed today.
“Shaqiri is not of interest to us at the moment,” Breitenreiter told Sport Bild.
“We don’t even have meetings with him on our schedule.”
Newcastle manager Steve McClaren has already signed three players this summer: Chancel Mbemba, Georginio Wijnaldum and Aleksandar Mitrovic.
GETTY
Inter are prepared to sell midfielder Xherdan Shaqiri this summer
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The trio have cost the new boss over £37million but he is expected to dip further into the transfer window before the summer is out.