The Valiants have asked Newcastle for a month-long loan and reports suggest that Streete is ready to be unveiled.
Streete looking for experience in the Potteries?
He has been included in Newcastle's first team squad for games at Crystal Palace and Stoke City.
And with Mapou Yanga-Mbiwa certain to sign for Roma following his loan spell, there is only Steven Taylor standing in his way should Mike Williamson or Fabricio Coloccini suffer injury or suspension.
Port Vale have failed to keep a clean sheet all season.