The Gunners had a £10 million bid rejected last week but are yet to make another move for the 28-year old. The playmaker was left out of the squad that played Manchester City before refusing to play against West Ham United, an action he was later fined for.
The Magpies have given Arsenal an asking price of £20 million. Kinnear revealed they had notified the Gunners about their terms and were waiting on the clubs response.
“We’ve told Arsenal our terms, the ball is in their court.”
Alan Pardew still hopes to keep Cabaye but admitted he wants his future sorted as soon as possible.
‘The situation’s quite simple really. We need to resolve this and get ourselves in a position where if he stays – great – and it he doesn’t then we get someone equally as good.”
Newcastle want any transfer to happen within the coming days so it is not too late to find a replacement. The Gunners are currently considering whether to meet Cabaye’s valuation.