The 29-year-old has not played since August 2012 when he limped out of Newcastle's Europa League clash with Atromitos after damaging his cruciate knee ligament.
Taylor has already accepted that he will not play a part this term, but is hopeful of being ready for next year.
"Realistically, I would love to play from the start of next season, is it possible? I think it is but I have to listen to the right people," Taylor told Sky Sports News.
Taylor will again visit world renowned American surgeon Richard Steadman to have the surgery and he is thankful for the support he is receiving and admits he had thought about quitting.
"If they [family and friends] weren't so supportive, I think I would have said 'that's it I'm done' but the fact I have such a supportive family and I go home to see my young son, that is how I get through," he continued.
Taylor admits it was hard hearing the first news of his knee injury last year.
"I was just thinking about that scan and hoping it wasn't too bad but then when it was revealed it was the worst case scenario," he said.
"I have gone to push off and I felt something similar to the first time and I had a scan three or four days later and that was the toughest part of my career so far."