Rafa Benitez has revealed that Newcastle United are close to a transfer breakthrough.
Benitez says the relegated club is working on "three or four" signings.
However, the proposed deals might not get completed until after Euro 2016.
The club's manager is looking to rebuild his squad ahead of the new Championship season.
Asked if it was "too early" to make a signing, Benitez told BBC Radio Newcastle: "For me, as a manager it's too late, but the reality is that it's too early.
"Why? Because I would like to have the squad ready and say 'this is the team' and start working with them on July 1.
"But it's impossible now with agents and the Euros. A lot of people go and they don't work.
"It's surprising. You try to work when the transfer window is open and some technical directors are away. You cannot find them and do deals.
"But we have three or four things ready. It's just we have to start with the first one and then two or three.
"We are working very hard. It's not easy, because the market is so high. But we are fine. We have three or four things ready.
"When I say ready, it's really, really nearly there, but we are waiting for someone who is working at another club and he needs to come back and sign the documents."