The 21-year-old has struggled to cement his place as a regular starter under Thomas Tuchel and has allegedly told the Blues that he wants to leave the club this summer.
Hudson-Odoi recorded three goals and six assists in 28 appearances for Chelsea across all competitions in 2021-22, but missed the final four months of the season with an Achilles injury.
The England international is now hoping to get his career back on track, and Chronicle Live claims that a possible switch to St James' Park appeals to the winger.
The report adds that Newcastle have registered their interest in Hudson-Odoi, but they are aware that they will likely face stern competition from the likes of Arsenal, Leicester City, Southampton and Borussia Dortmund.
It is thought that Chelsea are hoping for a Premier League club to make a loan offer for Hudson-Odoi, who has two years remaining on his contract at Stamford Bridge.
Over on Merseyside, Everton midfielder Dele Alli is reportedly attracting interest from Turkish giants Besiktas.
The 26-year-old only arrived at Goodison Park from Tottenham Hotspur in January, but he has only started once in 13 appearances under Frank Lampard and has failed to contribute with either a goal or an assist.
Alli has two years remaining on his contract but he is now believed to be weighing up his options heading into the final two weeks of the transfer window.
According to The Athletic, Besiktas are pushing hard to sign the midfielder who could move to Turkey on either a loan or permanent deal.
After coming through the ranks at MK Dons, Alli spent seven years at Spurs where he scored 67 goals and provided 61 assists in 269 games across all tournaments.
Staying in the Premier League, Aston Villa have reportedly added Arsenal's Rob Holding to their centre-back shortlist.
Steven Gerrard has been forced to delve back into the transfer market as £26m summer signing Diego Carlos faces up to six months on the sidelines after rupturing his Achilles tendon in the 2-1 win at home to Everton last weekend.
According to Spanish news outlet Estadio Deportivo, both Holding and free agent Jason Denayer are two names being considered by Villa.
Holding is seemingly the fourth-choice centre-back under Mikel Arteta, with Gabriel Magalhaes, Ben White and William Saliba all ahead of him in the pecking order, and the 26-year-old could be open to an exit from the Emirates Stadium in search of regular first-team football.
Denayer, meanwhile, is currently without a club after leaving Ligue 1 side Lyon upon the expiration of his contract in June, and the 27-year-old has since been linked with a host of European clubs including Valencia and Torino.
Elsewhere, Manchester United winger Amad Diallo is wanted by as many as seven clubs, according to a report.
The 20-year-old has made only nine senior appearances for the Red Devils since joining from Atalanta BC for around £37m in January last year, and spent the second half of last season on loan with Rangers.
According to club insider Jonathan Shrager, via The Sun, United are looking to send Diallo on loan again for the 2022-23 season with seven clubs interested in his services.
Shrager claims that the winger's agent Michael N'Cho is currently in talks with several interested teams including Blackpool, Sunderland, Anderlecht, Besiktas and Sampdoria.
Turkish champions Trabzonspor and Greek champions Olympiacos have also been credited with an interest in the Ivory Coast international, who still has three years remining on his contract at Old Trafford.