The Reds swiftly rejected the bid, from the only side above them in the Championship table, for the 24-year-old, well-known to Newcastle number two Colin Calderwood from his time at the City Ground. "Newcastle's offer for someone we value so highly as a player and an individual was derisory and I'm disappointed it made it into the public domain," said Davies. "That's not our way of doing business." Promotion rivals Newcastle are set to seal one new signing however, with a permanent deal for on-loan Manchester United full-back Danny Simpson.