The Magpies were given permission to speak to the left-back after activating a £1m clause in his contract.
The player is understood to have agreed a five-year deal but Swansea are holding out for more money, arguing that Newcastle’s £1.1m bid does not automatically entitle them to buy Taylor.
The Swans may settle for £2m, but are waiting for the next move in a game of brinkmanship.
Huw Jenkins: “I believe the time is wrong for him to move on at the moment.
“You’d think he’s got more chance of playing games in the Premier League for us than trying to compete for a place at Newcastle.
“I wouldn’t deprive any player of moving on if he felt it was the right time for the club and the player, that’s part and parcel of the game these days.
“He’s such a young lad though and it’s about playing games.”
NEWCASTLE UTD FIXTURES:-
Saturday 13th August 2011
Newcastle United v Arsenal 15:00
Saturday 20th August 2011
Sunderland v Newcastle United 15:00
Saturday 27th August 2011
Newcastle United v Fulham 15:00
Offer To NU-Mad Fans Continues
Due to the amazing response from NU-Mad readers ... we have decided to continue our offer for you to buy "Magpies In Europe" for the amazing price of £5.99. The offer will end July 1st.
A 'THANK YOU' TO FOOTYMAD READERS ...
'MAGPIES IN EUROPE'
FOR £5.99 (inc post)
2010/11 has been NewcastleUtd-Mad's greatest season for page 'hits', and as a thank you to all readers we are giving you the chance (FOR TWO WEEKS ONLY) to purchase "MAGPIES IN EUROPE" for £5.99 (and that includes the postage).
*Normal price is £9.99
OFFER ENDS JULY 1st 2011
Although "Magpies In Europe" will not be launched OFFICIALLY until next season ... if you want a copy it is available NOW from this website ... and ONLY from this website!
FOREWORD BY FAIRS CUP HERO JOHN McNAMEE
Sports Journalist Richie Everson: "At last a book that the fabulous Newcastle United fans can relate to. It's informative, all the facts and figures are there, plus the 120 match reports from all the fixtures ... but it is the articles by the supporters that amazed me.
"I went to many of those games, and this is the only book I can honestly say 'hits the nail on the head'!
"Yes we know the results and the scorers, but some of the facts in this book had me so wrapped up in it I couldn't put it down.
"Was Benny Arentoft cup-tied when he played in the final? Big Wyn and his battle with John McGrath; McFaul scoring a penalty when the crowd had gone home; the trouble in Palermo; it is all amazing stuff.
"I would honestly give this book 10 out of 10."
MAGPIES IN EUROPE
Please include your address in a letter and send a cheque (or postal order) for £5.99 payable to Mr K Fletcher, to:
'MAGPIES IN EUROPE', K Fletcher, 5 Dunelm, Sacriston, Co Durham DH7 6NU.
Or contact: Kevnumad@fsmail.net