Newcastle United are keen to turn the loan move for Kenedy to a permanent one in the summer but it could cost the Magpies around Â£15million, according to The Mirror.
The 22-year-old had made an impression at St Jamesâ€™ Park since joining on a temporary basis from Chelsea in January and scored his first two goals for the club in the 3-0 win over Southampton on Saturday.
The Brazilian joined the Stamford Bridge outfit for Â£6.3m from Fluminense in 2015 but has made just 27 appearances for the Blues in all competitions in the three years he has been with the London club.
The winger was used sparingly under the management of Jose Mourinho but has given a run of games by interim manager Guus Hiddink and finished the 2015/16 season with 14 Premier League appearances, scoring once in a 2-1 win over Norwich City.
But following the arrival of Antonio Conte, Kenedy has found himself out-of-favour and loan move to Watford ended due to injury after making just one outing for the Hornets.
He has featured just once in the league under the Italian and being sent home from a pre-season tour of China last summer didnâ€™t help his cause.
The move to Newcastle appears to have given him a fresh impetus and gaining an assist in the 1-1 draw against Burnley at the end of January got the former Brazil U23 international off to a good start.
It remains to be seen what will happen off-the-field for the Tyneside club as owner Mike Ashley is looking to sell the club, but the Magpies will no doubt be in the race for Kenedy once the transfer window opens up again in the summer â€“ providing they remain in the Premier League.
The win over Southampton has boosted their chances of survival and pushed Newcastle up to 13th-place; five points clear of the relegation places.
Rafa Benitezâ€™s side are without a game this weekend due to Tottenham Hotspurâ€™s activity in the FA Cup and have to wait until March 31 for their next match when they take on Huddersfield Town at St Jamesâ€™ Park.