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Published 13:33 25 Jun 2022 BST
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Milan were also credited with interest in the 22-year-old in January and, like Newcastle, are believed to have followed up on it after winning the Serie A title last month.
With a fee now being agreed by the Premier League club, it seems Newcastle are set to win the race.
Should Botman arrive at St James' Park, he will follow Nick Pope, who was signed earlier in the week from Newcastle, and Matt Targett, who has made his loan from Aston Villa a permanent deal.
Reims striker Hugo Ekitike has also been strongly linked with a move to the club, with talks said to be ongoing.
This follows significant investment in the January window, when deals for Bruno Guimarães, Chris Wood, Kieran Trippier and Dan Burn were finalised.
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