Bridge has been out of favour for some time at Man City and Roberto Mancini was desperate to offload him.
“I’m hoping that with Wayne’s undoubted experience and ability he can be a big help to the team until the end of the season.
“I’m very pleased to have him here and with the number of injuries we’ve sustained recently I’m sure he’ll be a great help to us.”
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Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.
Newcastle United are staring down the barrel of relegation to the Championship for the second time in the past eight years.