ChronicleLive says Targett's season-long deal with Boro does include a January break clause.
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Tino Livramento is the latest player to break down at Newcastle during their Carabao Cup quarterfinal win against Fulham.
After the victory, Toon manager Eddie Howe said: "We will make the decision closer to the date that we have to.
"Certainly at the moment I don't have many more rabbits to pull out the hat so let's see. At the moment we are in dangerous territory."
