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Newcastle United are understood to have offered Tim Krul a contract extension ahead of a loan move to Ajax.

The long-serving goalie has just one year left on his contract but the Magpies want to give themselves time to make the right decision and protect the Dutchman’s value by offering him a new one year extension.

Krul could have left for nothing at the end of his current deal which had just 10 months left to run, but if he turns down the offer United would now be entitled to compensation after he joined the club's Academy at 16.

Krul is not guaranteed the number 1 spot at Newcastle this season due to the arrival of Matz Sels while Karl Darlow and Rob Elliot also had good campaigns last season to increase the competition.

To some observers, Krul is still the most talented goalkeeper at the club but starts the season after recovering from a knee injury.

However, once fit the move to Ajax will give him the chance to play regular football in his home country.

He could also get the chance to play in the Champions League if Ajax can get through their qualifier but the Dutch giants were held by FC Rostov in a 1-1 draw at the Amsterdam Arena last week.

Ajax require a big boost and are set to lose Jasper Cillessen to Barcelona.

They lost to Willem II for the first time ever in Amsterdam at the weekend with youngster Andre Onana handed his debut between the sticks.

Now, they want an experienced goalkeeper and Krul could be the perfect loan signing for them.