Speaking to the official club website, chairman David Sheepshanks confirmed : "We have spoken to Newcastle about Darren Ambrose and the prospect of having him back here on loan.
Town Fail in Ambrose Loan Bid
"Newcastle have their worries about his fitness levels at the moment, with Darren being injured previously so for the immediate term, they want him to stay at St James' Park.
Sheepshanks also revealed to the club site that selling Ambrose to Newcastle, something Sheepshanks didn't want to do, was one of the worst days of his life : "I accept that it was an appalling fee for Darren and we clearly did not want him to leave the Club.
"It was one of the worst days of my life when that deal was done but we had to sell him. We were forced to, there was no alternative and the money we received from Newcastle for Darren actually saved Ipswich Town."
Sheepshanks also revealed to the club site that selling Ambrose to Newcastle, something Sheepshanks didn't want to do, was one of the worst days of his life : "I accept that it was an appalling fee for Darren and we clearly did not want him to leave the Club.
"It was one of the worst days of my life when that deal was done but we had to sell him. We were forced to, there was no alternative and the money we received from Newcastle for Darren actually saved Ipswich Town."