Fenerbahce are in talks with the Blues over the transfer of the 29-year-old.
Meireles has fallen down the pecking order at Stamford Bridge following a summer of heavy investment in the squad at Chelsea.
The midfielder has long been linked with a move away from Chelsea and now looks set to complete a move to Fenerbahce before the Turkish transfer window closes on September 5th.
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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.