Within minutes of the Magpies media team releasing the news, the focus had turned towards who could become United’s third signing of summer.
Talks are ongoing with Reims forward Hugo Ekitike as the United hierachy look to bring a successful end to a prolonged pursuit of the France Under-21 international.
And interest remains in Lille centre-back Sven Botman as the Magpies look to see of competition from Serie A giants AC Milan to sign the highly-rated Dutch defender.
Patience appears to be wearing thin on both deals and there has been speculation Newcastle will turn their attention elsewhere as they look to strengthen their ranks.
But one thing seems clear - money will be spent, changes will be made, and the squad will be in a far healthier place come day one of the Premier League season.
How much the Magpies spend this summer remains to be seen but as Tyneside awaits news of the next summer arrival, it feels fitting to look back at the club’s net spends in their recent history.
Using figures provided by www.transfermarkt.co.uk, NewcastleWorld takes a look at how the club have fared in the transfer market over the last decade.