The 21-year-old has made 16 appearances for the Blues since joining the club from Lens in 2007.
Kakuta has previously spent time on loan at the likes of Fulham, Bolton and Dijon.
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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.