Amanda Staveley is yet to make an offer for Newcastle United.
The Sun says Staveley met Toon chiefs as she steps up her interest in a takeover.
She also went into the Newcastle boardroom to speak to senior club officials after Sunday's 1-1 draw with Liverpool.
Staveley runs £20billion private equity fund PCP Capital Partners and is keen is keen to buy a Premier League club.
The Yorkshirewoman, 44, has not spoken to current Magpies' owner Mike Ashley so far.
But her communication with the Sports Direct tycoon's sidekicks confirm she has real interest in Newcastle.
Ashley values the club at around £400million but Staveley has yet to make an offer.
Source: tribalfootball.com