The Daily Mail journalist Craig Hope has revealed that 'progress' has been made in Newcastle United's pursuit of Joao Pedro.

The Lowdown: Final proposal

It has been reported that the St James' Park outfit have made a 'final proposal' for the 20-year-old after having two bids turned down by Watford.

The latest offer is said to be worth £25m plus an extra £5m in add-ons, and it will now be up to the Championship club over whether or not to accept it.

The Latest: 'Progress' made

Taking to Twitter, Hope has revealed that 'progress' has been made over the weekend in terms of bringing Pedro to Tyneside, and that 'sources' close to the deal are 'more confident' then they were last week about getting a deal done.

The reporter tweeted: "Newcastle remain in talks with Watford over a deal for Joao Pedro. There is a feeling progress has been made over weekend but no agreement in place (yet). Sources close to deal sound more confident than last week, however."

The Verdict: Exciting

It is certainly exciting for the Toon Army to hear of progress being made in the Pedro deal after having two bids rejected for the striker.

Hailed as an ‘exciting‘ player by his former Watford manager Xisco Munoz, the 20-year-old is already off the mark for this season, and has a total of 14 goals for his club over the last three campaigns.

The Brazilian is still very young, so Newcastle would be buying into his potential as well as his talent, so this looks like a deal from which they could benefit hugely in the future.