The 25-year-old is expected to leave the relegated QPR after an impressive maiden season in the Premier League, where he bagged 18 goals.
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And according to reports, newly appointed Newcastle boss Steve McClaren has already entered talks with Austin's representatives over a summer move.
QPR are believed to be open to bids in the region of £15million for the striker, who recently received this first England call-up.
Premier League champions Chelsea are also reportedly keen to land Austin, with Jose Mourinho openly admitting his desire to sign a new striker following the departure of Didier Drogba.