Newcastle United manager Eddie Howe has a transfer budget of £75 million to sign players this summer, according to the Daily Mail.
The Magpies are wary of encountering Financial Fair Play (FFP) problems. They can only push the figure to £100m if they sell a player this summer.
Newcastle have spent around £250 million over the first three transfer windows since their Saudi Arabian owners arrived.
Many people expected the spending to get heavier, especially as Newcastle finished in the top four and are preparing to play Champions League football.
Supporters had expected a summer of record investment, but the club’s FFP calculations allow for a spend of £70-80 million.
The scouting department is aware of this figure despite shortlisting expensive targets.
Leicester City’s James Maddison is their top target. The Foxes have dropped into the Championship but will demand a fee over £50m.
They will hope that competition between Tottenham Hotspur and Newcastle for Maddison will bring a massive transfer fee.
There were rumours he’d prefer a move to London, but Newcastle securing Champions League football is an enticing prospect.
The Tyneside club has also registered interest in Manchester United’s Scott McTominay. He is a target for Howe, who wants to add steel to his midfield.
Brighton & Hove Albion’s Moises Caicedo and Chelsea’s Conor Gallagher are other targets for Newcastle.
The Magpies are also eyeing RB Leipzig’s Dominik Szoboszlai. He netted ten goals and 13 assists to help his side finish third in the Bundesliga last term.
He was instrumental as they won the DFB Pokal by beating Eintracht Frankfurt. The Hungarian attacker scored the winning goal.
