Toon boss Rafa Benitez wanted to bring the England international back to St James' Park just half a year after sanctioning his departure.
However, both clubs failed to come to an agreement – with Palace wanting £13million and a £2m loan fee.
Five most likely summer deals according to the bookies
Wed, February 1, 2017
Express Sport takes a look at the five most likely deals that could happen this summer. Odds provided by BetStars
1 of 5
Griezmann to the Premier League – Man Utd 15/8, Chelsea 6/1, Man City 8/1
Newcastle United are still hopeful of re-signing Andros Townsend
Andros Townsend has had a difficult season at Crystal Palace
Express Sport understands Benitez was infuriated at Newcastle's failure to sign Townsend and threatened to quit his job as a result.
But the Northern Echo claim Benitez is ready to try again in the summer to land his man.
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Newcastle will have the funds to acquire the former Tottenham winger permanently should they secure promotion to the Premier League.
Rafa Benitez was determined to re-sign Andros Townsend back in January
Benitez's men are aiming to get out of the Championship at the first time of asking and currently top the table by a point ahead of Brighton.
Should they do so, then a summer return for Townsend looks to be on the cards.