According to a report via Give me sport, the 24-year-old’s performances have caught the attention of the English club and they want him to improve their left-back position.
Lodi has done well for Atletico Madrid in recent seasons and he has the potential to develop into a top-class player in the future.
The 24-year-old is yet to reach his peak and regular game time in the Premier League will only help him improve and develop his game.
The Magpies have had to rely on the likes of Paul Dummett and Jamal Lewis as their left-back options and the Brazilian would certainly be an upgrade if they managed to sign him.
Newcastle are the richest club in the world following their takeover and they certainly have the financial means to convince Atletico Madrid to sell the 24-year-old Brazilian defender.
It remains to be seen whether they can convince the player that Newcastle is the ideal destination for him to fulfil his ambitions in the coming seasons.
The Magpies will not be able to offer him European football, but they have an ambitious project at their disposal.
They have recently signed another full-back in Kieran Trippier from Atletico Madrid.
Newcastle have finished the season strongly and they will be looking to secure European qualification next year. They will need to improve their squad significantly this summer and players like Renan Lodi could certainly take them to the next level.