Among the stars linked have been some of Europe’s most familiar names, several England internationals and a good few up and coming talents.
The new owners are expected to go on a spending spree when the market reopens and although it’s unlikely the will look to overhaul the current squad from 1-to-11, there are certainly going to be a good few changes.
Here is how a Newcastle United starting XI of only players they have been linked with moves for could look:
5. LB - Kieran Trippier
Newcastle have yet to have any substantiated link to a left back but if they did go in for one they could hijack reported interest from Arsenal and Manchester United to bring Atletico Madrid's England international back to the Premier League Photo: JAVIER SORIANO
6. CM - Marcelo Brozovic
Reports in Italy have linked Newcastle with a bid described as "generous" and "lavish" for Inter Milan's 28-year old defensive midfielder who has made over 200 appearances for the club and won 60 caps for the Croatian national side Photo: Alessandro Sabattini
7. CM - Dele Alli
Although he has been a regular for Spurs under Nuno Espirito Santo reports have suggest they could be open to offers and Newcastle could swoop to finally land the England international, six years after missing out on the former MK Dons prospect Photo: Clive Rose
8. RW - Jesse Lingard
The England international's future was one of the biggest stories of the summer transfer window before it closed and he was still a Manchester United player. Following the takeover, Newcastle are believed to have entered the race to sign the 28-year old Photo: Clive Brunskill