The 28-year-old midfielder, who has scored 12 goals to date this season, has become a key figure in the Magpies' dressing room and team-mate Joey Barton recently indicated that if the former Bolton man put pen to paper, he would follow suit.
Now Nolan has revealed he intends to do just that within the next fortnight to hand manager Alan Pardew a major boost as he prepares for a summer recruitment drive.
Captain fantastic: Kevin Nolan has enjoyed a superb season at Newcastle
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