Tensions are high and budgets are tight on Tyneside.
Every day that passes by without a Newcastle United signing, the Magpies' fanbase grows ever more nervous - the same can probably also be said of manager Rafa Benitez.
While very little actual transfer activity appears to be taking place at St James's Park, there's still plenty of rumours doing the rounds.
Here's a round-up of the latest news...
No deal - keeper exit hits the rocks
Matz Sels' proposed move to Anderlecht is off, according the Belgian outfit's managing director Luc Devore.
The international goalkeeper spent the whole of last season on loan with the Jupiler League side and they were keen to make the arrangement permanent.
But it appears the finances of the deal have proven a stumbling block.
Devore told Voetbalkrant: "If more than 10 new players have to be added, we cannot spend too much on one player.
"The financial picture for the Sels transfer became too big, so [Frank] Boeckx and [Thomas] Didillon will compete for the spot under the bar."
Newcastle are thought to value the player at £3million.
New club enters race for defender
With no financial agreement in place with Porto for the sale of Chancel Mbemba, a new side are reportedly set to enter the race to land him.
Portuguese outlet Correio da Manhã are reporting that Turks Trabzonspor could attempt to muscle in on any deal for the DR Congo international.
Mbemba has fallen way down the pecking order at St James's under Benitez due in no small part to his inability to learn the language and lack of understanding when it comes to the manager's tactics.
As a result he is all but certain to depart this summer, but the Magpies will not sell on the cheap and are looking to recoup much of the fee they paid for the centre-half.
Mbemba has also been linked with former club Anderlecht.
Fresh defender link
Reports in France suggest United are set to join Southampton in the chase to sign Toulouse defender Christopher Jullien.
He is a 25-year-old centre half who is a former France youth international.
He is thought to be rated in the £9million bracket.