In the last few days, the Magpies have let academy midfielder Jamie Miley join National League side Hartlepool United on a permanent basis and bid an emotional farewell to Miguel Almiron, who has returned to former club Atlanta United.
Newcastle are understood to have recouped around £10million for Almiron, six years after he arrived for a then club-record £21m. Head coach Eddie Howe didn’t necessarily want to lose the Paraguayan but recognised that a sale made financial sense for the club.
Because that’s what Premier League Profitability and Sustainability Rules (PSR) do, it forces clubs - those that aren’t part of the ‘big six’ anyway - to apply business logic over football logic.
And the word we’re getting back is that by not spending in the January transfer window - no matter how frustrating that is for supporters - will put Newcastle in a much stronger position this summer.
How the summer plays out exactly, well we’ll have to wait and see on that front. But just for a bit of fun, we look at how Newcastle could line-up for the 2025-26 campaign - based on the players they’ve been linked with signing.
1. GK: James Trafford
Newcastle are weighing up another move for Trafford but negotiations are likely to be more difficult after the goalkeeper played a major role in Burnley's promotion back to the Premier League. | Getty Images
2. RB: Tino Livramento
The 22-year-old has starred at left-back of late in Lewis Hall's absence but it is at right-back where Newcastle see his long-term future. | AFP via Getty Images
3. CB: Marc Guehi
Palace played hardball last summer but they're in a weaker position now with Guehi out of contract next year. He remains a top target. | Getty Images
4. CB: Sven Botman
After a frustrating two seasons with various knee issues, the Dutchman will hope his injury troubles are behind him. | Getty Images