Newcastle United have had an outstanding finish to the season under manager Eddie Howe and they are looking to improve their squad considerably during the summer transfer window.
The Magpies were in the relegation battle not so long ago but they finished closer to the top half after an impressive revival during the second half of the season.
The Magpies will be hoping to challenge for European qualification next season and they must look to improve their midfield options in order to climb up the table.
The midfielder has been excellent for French club Lyon and he could be a quality acquisition for Newcastle.
The Premier League side signed Bruno Guimaraes during the January transfer window and the Brazilian has proven to be an exceptional signing for them so far.
It will be interesting to see if they can leave his compatriot to the Premier League now.
Paqueta could form a quality midfield partnership in theory and the transfer would certainly excite the Newcastle fans.
The Premier League side are the richest club in the world after their takeover and they certainly have the finances to pull off the signing.
It remains to be seen whether the 24-year-old Brazilian is willing to join Newcastle and give up Champions League football next season. The chance to play in the Premier League could be a tempting proposition for him, especially at Newcastle because of their ambitious project.