The 20-year-old was spotted on Tyneside as he jetted in to complete his move to Rafa Benitez's side on a temporary basis, which sees Newcastle finally end their left-back woes with Paul Dummett's injuries a concern.
Palmieri and Edin Dzeko are set to sign for Chelsea from Roma in a £50million double deal.
The Brazilian, 21, rarely features at Stamford Bridge but is a long-term target of Newcastle manager Rafael Benitez, and Conte is prepared to let him leave to encourage his development.
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"I think he is going on loan to Newcastle", Conte said.
It has been a frustrating transfer window for Newcastle thus far with a number of potential signings failing to materialise amid continuing takeover talk in the background. It's a good move for the club, we use the same way for Christensen and now he is a Chelsea player and is almost always in the starting XI.
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I was hoping the Eagles would win. "For everything he has been through and battled he has stayed true and stayed the course". The New England Patriots overcame a 10-point deficit on Sunday to beat the Jacksonville Jaguars and reach the Super Bowl .
Conte hopes Kenedy can follow the example of defender Andreas Christensen, who has established himself as a first-team player at Chelsea after spending two seasons on loan at Borussia Mönchengladbach.
"But I think now he is more ready". Especially for me. In one-and-a-half years here, I have the opportunity to win the league and play the FA Cup final, then the Community Shield and now, maybe, another final in the Carabao Cup.
Chelsea are on the verge of splashing some serious cash in the January transfer market, and the Premier League champions appear to be making room for potential arrivals.
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