Funds look set to be tight on Tyneside once again, and Steve Bruce may have to be frugal in his approach to bringing in fresh faces.
One player the Magpies have already been linked with is Celtic defender Kristoffer Ajer, and former Toon player Lee Clark believes it would be a smart move.
Speaking recently, he said: "He is an outstanding player. I have seen quotes of £6-8million out there – he is definitely a player you can improve and he will be worth a lot more than that.
"When I signed him off Brendan (Rodgers) – he was manager of Celtic at the time – we had an agreement at the time to play him in midfield, even though we all knew he was a centre-half. It was so he could get used to playing with the ball in tight areas, and then eventually move back into centre-half with that ball-playing ability.
"He is an unbelievable professional – he was captain of Norway when he was still a teenager. He is six foot six inches and is the type of player who always wants to stay back and do that bit extra. And for the price, there is a lot of ability there.
"There is some rawness and some rough edges that need smoothed out.
"There were a lot of clubs out there who didn’t want to take a risk on Virgil Van Dijk because he played in the Scottish league and didn’t get tested. There are similarities."
We’ve gathered the best of today’s Premier League transfer speculation below...

. NEWCASTLE UPON TYNE, ENGLAND - MAY 19: A general view of St James' Park during its first game back with fans during the Premier League match between Newcastle United and Sheffield United at St. James Park on May 19, 2021 in Newcastle upon Tyne, England. (Photo by Stu Forster/Getty Images)
St James' Park. (Photo by Stu Forster/Getty Images) Photo: Stu Forster

1. Chase on for Van Hecke
Brighton defender Jan Paul van Hecke is attracting the interest of several clubs in England and Germany this summer. (Fean Online) (Photo by Dean Mouhtaropoulos/Getty Images) Photo: Dean Mouhtaropoulos

2. Burnley linked with Jozwiak
Burnley being linked with a potential move for Derby County winger Kamil Jozwiak this summer. (The Athletic) (Photo by Thomas Eisenhuth/Getty Images) Photo: Thomas Eisenhuth

3. Ryan to Celtic?
Mat Ryan's proposed move to Arsenal could be hijacked by new Celtic manager Ange Postecoglou. (talkSPORT) (Photo by Bryn Lennon/Getty Images) Photo: Bryn Lennon

4. Spurs plot Rossi raid
Tottenham and Everton are pursuing a transfer for Uruguay international forward Diego Rossi this summer. (Telegraph) (Photo by Alex Menendez/Getty Images) Photo: Alex Menendez