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.
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5. LB: Lewis Hall
Hall has this season established himself as one of the best left-backs in the Premier League. | Getty Images
6. CM: Sandro Tonali
It wasn’t the easiest of starts (obviously!) to life on Tyneside for Tonali, but the Italian has been a revelation since moving into the No.6 role in December. | Getty Images
7. CM: Bruno Guimaraes
Newcastle United is in his blood. He is proud to be club's captain and has set his sights on achieving many more things in black and white. | AFP via Getty Images
8. CM: Joelinton
Every midfield needs a Joelinton, right? A midfield destroyer Howe has described him as in a nod to his physical qualities. | Getty Images