Cabaye has told Newcastle boss Alan Pardew he wants to leave the club before the transfer window closes.
The Magpies have already rejected a £10million bid from Arsenal for Cabaye.
Kinnear said: “We’ve told Arsenal our terms, the ball is in their court.”
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The start of the 2017-18 Premier League season is just around the corner and is shaping up to be one of the most competitive yet.
As always it is the so called “big clubs” that have splashed the most cash in the transfer window so far this summer. Manchester United or City? Arsenal or Tottenham? Who are the winners and losers of the transfer window so far?