The team is currently locked in with Castore as kit makers until 2024 but could terminate the deal to set a fresh rebrand under the new owners.
The club even teased a green-oriented kit in May 2022 as a nod to the Gulf state.
Could the Magpies make an epic return to Adidas?
Adidas representatives allegedly watched Newcastle defeat Leicester City in the EFL Cup at St James Park on January 10.
Of course, the Magpies once wore Adidas kits during their glory days.
Newcastle dominated Premier League football in the late 1990s, led by goal-machine Alan Shearer, and reached consecutive FA Cup finals.
Eddie Howe now has the side battling for their first cup semi-final since 2004/05.