Newcastle are in talks with Inter Milan over a £50m move for midfielder Nicolo Barella and the club are hopeful of completing the deal.
Eddie Howe is a huge fan of the 26-year-old, who made the Champions League final for Inter.
Newcastle’s transfer record is £60m for Alexander Isak last summer.
After a sensational season under Howe, Newcastle are able to offer the Italy international Champions League football which puts him in a strong position.
Newcastle are also currently leading Tottenham in the race to sign James Maddison from Leicester.
Both clubs are interested in signing the attacking midfielder, who has just one year left on his contract, this summer.
Newcastle’s interest dates back to the January transfer window when Leicester were unwilling to sell the 26-year-old.
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Who will be on the move this summer when the transfer window opens on June 14 and closes at 11 p.m. on September 1 in England and midnight in Scotland?
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