Ashby, 21, joined the Magpies in January this year from West Ham United but has yet to make a senior appearance for Eddie Howe’s side.
The English right-back took part in Newcastle’s pre-season tour in the US, with Howe looking to realign his squad for next season.
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Ashby has been subject to loan interest from Swansea City and now it is suggested that the defender is expected to make a loan move to the Swans ahead of this weekend’s Sela Cup tournament at St. James’ Park.
Michael Duff’s side are eyeing booking a playoff spot next season after narrowly missing out on it last term.
And Ashby’s addition to the Swansea squad could give a defensive filip to the Welsh outfit.
Newcastle, on the other hand, might hope that regular playing time in the Championship will be beneficial for the talented right-back, who is yet to be tested in the Premier League.
Now it remains to be seen how well the 21-year-old defender will fare in the English second tier in the event of him completing the potential loan move to the Swans.