Newcastle are in talks with Inter Milan over a £50m move for midfielder Nicolo Barella and the club are hopeful of sealing the deal.
Eddie Howe is a big fan of the 26-year-old, who played in 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 Italian international Champions League football which puts them in a strong position.
Newcastle are also currently leading Tottenham in the race to sign Leicester's James Maddison.
Both clubs are interested in signing the attacking midfielder, who has only a year left on his contract, this summer.
Newcastle's interest stems back to the January transfer window, when Leicester were unwilling to sell the 26-year-old.
