The Sun reckon Rafa Benitez is keen to snap up the versatile attacker on a six-month loan deal.
The 20-year-old has featured just three times in all competitions for Chelsea this season.
“Ruben Loftus-Cheek is being chased by Newcastle and West Ham ”
And his lack of first-team action has led to speculation that a stint away from Stamford Bridge could be on the cards.
“Ruben has great potential and it’s important for him to show it,” Conte said.
“Now he is in our squad. This season he’s had a few injuries but now he is free.
“I’ll speak to the club and take the best decision for the player.”
The talented starlet is one of the club’s most highly-rated young players but has been held back by injuries.
Benitez might struggle to prise him to St James’ Park if Slaven Bilic is serious about securing his signature.
The lure of Premier League football and the prospect of staying in London might be a more attractive proposition for the Blues midfielder.