He said;
"I have enquired about Ferguson, but we will wait and see what the outcome of that is.
We are finding it difficult to bring certain players from clubs. Our bids haven't been accepted so far.
The problem is two or three clubs are in for the same players. At the moment, there could be teams bidding more than us.
It would help if I could move some of the players here and get the finances in that way. But we have had no bids for them."
Ferguson, 30, is one of five players Kinnear is hoping to bring in to enhance his side and to step in whilst many players remain injured.
He added;
"The January transfer window is hardly ideal. We have a lot of players missing at the moment who are out for six weeks or more.
That means it's tough. If we pick up more injuries, we are in trouble for West Ham next week. We really need to get some bodies in. We need versatile players in who can play in a number of positions.
We have got injuries all over the pitch. But we have to grin and bare it."
Rangers today said no enquiry has been made from Newcastle regarding Ferguson. Rangers are also unlikely to sell.
In addition to Ferguson, reports yesterday suggested that Joe Kinnear was prepared to make a £4.5million bid for Madjid Bougherra who is due to return from a thigh injury this weekend. Rangers are likely to sell Bougherra if an offer is made that they cannot reject.
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