The Bournemouth centre half is ready to move to a bigger club at this stage of his career.
Per Foot Mercato, the 25-year-old is ready to rejoin manager Eddie Howe, who brought him to the Cherries in 2019.
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Howe believes that Lloyd can easily slot into the Magpies' defense next season.
He may also be joined by another defender who could arrive as a free agent.
Newcastle are very serious about securing center half Tosin Adarabioyo from Fulham.