The Magpies have already spent in the region of £60million on Matt Targett from Aston Villa, Nick Pope from Burnley and Sven Botman from Lille.
Eddie Howe’s side have alson been pursuing several other targets but have struggled to get them over the line so far. More spending is expected, but just as Newcastle have strengthened, many of their Premier League rivals have been spending money too.
We are into the fourth week of the summer transfer window being open and eight Premier League sides are still yet to spend a penny on transfers.
Meanwhile five teams have already spent over £50million on new signings, according to data from transfermarkt.co.uk.
17. Leeds United - £97.78m
Although Leeds have a very low net spent following the departures of Kalvin Phillips and Raphinha, they have still spent almost £100million on new signings so far this summer.
18. Manchester City - £97.87m
Serial big spenders Manchester City have already splashed the cash to secure the signing of Erling Haaland from Borussia Dortmund for £54million while also completing a £43.87million move for Kalvin Phillips. The sales of Raheem Sterling, Gabriel Jesus and Oleksandr Zinchenko mean that Pep Guardiola’s side have made a net profit so far this summer.
19. Chelsea - £109.07m
Chelsea didn’t spend a penny in the opening month of the transfer window but have since secured the signings of Raheem Sterling, Kalidou Koulibaly, Carney Chukwuemeka and Gabriel Slonina ahead of the new season.
20. Arsenal - £118.86m
Arsenal have made several big money signings so far this window with Gabriel Jesus and Oleksandr Zinchenko joining from Manchester City. Fabio Viera also joined from Porto for in excess of £30m.