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Report: Newcastle Identify €80m Star As First Signing After Takeover

Newcastle United have reportedly identified a transfer target for the January transfer window and are prepared to pay €80 million.

Read: Mourinho Makes Final Decision On Newcastle Job!

The Magpies have been linked with a number big-name players in recent weeks after the Saudi-led takeover was officially completed, ending Mike Ashley's 14-year reign at the club.

Reports in England claim that the Public Investment Fund is expected to back the club in future transfer window, starting in three month's time.

While former AS Roma manager Paulo Fonseca is reportedly closing in on taking over as coach, Sport TV have reported that the club have identified FC Porto winger Luis Diaz as a top target for January.

The Colombian winger has enjoyed a good start to the Primeira Liga campaign after bagging six goals in eight matches for the Portuguese giants.

It is believed that Newcastle are looking to revolutionise their squad in the mid-season transfer window and are prepared to pay his €80 million release clause.

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