
EPL Index
·17. Juni 2025
No bids yet as Newcastle struggle to land top window targets

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·17. Juni 2025
There is a familiar disquiet in the air on Tyneside. It is not the product of full-blown crisis, nor is it the kind of uneasy calm that comes from strategy being executed behind closed doors. It is something more subtle, more ambiguous. Newcastle United’s transfer window, as detailed by The Athletic, is caught in a holding pattern. There is intent, but not yet impact. Talk, but not yet traction. A club with ambitions of elite status once again finds itself wrestling with the inertia of financial constraint and strategic patience.
Bryan Mbeumo’s preference to join Manchester United might not qualify as a snub in the classical sense, but for Newcastle it feels like a deflating moment. He was their top right-wing target, one they believed would both fit Eddie Howe’s tactical structure and elevate the team’s attacking profile. That hope has evaporated, and while the club insists that they have alternatives — including Joao Pedro, Antoine Semenyo and Anthony Elanga — there is an unmistakable sense of having to pivot too often.
Photo: IMAGO
Joao Pedro, in particular, is a name that carries some weight in Newcastle’s recruitment discussions. The 23-year-old was close to joining in 2022 before moving to Brighton and remains “highly regarded at Newcastle,” as The Athletic notes. Versatility is his selling point. In a squad with clear budgetary limits, players who can cover multiple positions are more valuable than ever. “A player with Pedro’s adaptability is particularly attractive,” the report continues, and it is clear that Pedro is now a leading option.
Photo: IMAGO
Yet the Pedro conversation is also illustrative. The club is weighing whether their budget can stretch to a right-winger and a versatile attacker. In other words, it may have to be one or the other — a stark reminder that Newcastle’s war chest, despite the wealth of their ownership, is far from limitless.
Eddie Howe’s increasingly visible impatience is not surprising. Managers are, by nature, creatures of control. They plan meticulously, train obsessively and depend on the reliability of systems. When those systems are slowed by financial caution or market hesitancy, frustration naturally builds.
Photo IMAGO
After the final game of last season, Howe admitted he had “reiterated many times internally” the need to act early in the window. Missing out on Mbeumo followed the disappointments of Dean Huijsen and Liam Delap — both linked heavily, both lost elsewhere. Now, with the PSR deadline of June 30 fast approaching and no new first-team arrivals, Howe is left managing expectation instead of squad improvement.
Photo IMAGO
Still, he is not panicking. Newcastle’s non-internationals return on July 7, and Howe wants at least one or two additions before the squad departs for Austria the following week. If nothing is done by then? That’s when concern morphs into exasperation.
Newcastle’s recruitment strategy is as pragmatic as it is positional. A right-sided centre-back, a forward who can play wide right and a new goalkeeper are the club’s current priorities. It is a sensible framework, albeit one subject to compromise.
Marc Guehi and Illia Zabarnyi remain centre-back targets after the club’s pursuit of Huijsen fell short. Guehi’s value has likely risen following his international exposure, while Zabarnyi — younger, potentially more accessible — is still admired within the recruitment team.
Photo: IMAGO
In goal, James Trafford is again being monitored after Burnley rebuffed interest last summer. Despite a price increase, he remains the preferred option. Lucas Chevalier of Lille is another name being considered, with scouts impressed by his development in Ligue 1.
Photo IMAGO
As ever, the key issue is valuation. Newcastle will not overpay. That is the mantra being repeated internally, and it is a stance shaped not only by PSR considerations but also by the psychological damage of a three-window spell without first-team reinforcements. The club’s ownership is willing to invest but not to indulge.
Sales are not inevitable, but they are increasingly likely. Sean Longstaff is attracting interest, notably from Leeds United, and with just one year left on his contract, the club is open to letting him go, particularly as his departure would count as “pure profit” in PSR terms.
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Callum Wilson’s future remains unresolved. His representatives are in talks with Newcastle about an incentivised extension, but if no deal is reached, he may leave for free. Odysseas Vlachodimos is available, likely for a loan rather than a permanent transfer, and Martin Dubravka’s role is also unclear despite a recent contract extension.
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Matt Targett, Isaac Hayden and others may be moved on, if only to streamline the squad. However, there is confidence that core assets — Alexander Isak, Anthony Gordon, Tino Livramento and Sandro Tonali — will remain, despite interest from elsewhere.
Photo IMAGO
Newcastle’s transfer model is not broken. But it is being stretched. And in a market where rivals are acting with increasing aggression, the club’s emphasis on caution may soon test more than just Howe’s patience.
Newcastle supporters have grown used to talk of projects, processes and patience. But at what point do they call this for what it is — a window slipping into drift?
This report is not a disaster update. No one’s jumping ship. No star player is demanding a move. But there’s a slow, suffocating inertia to their current situation. Losing Mbeumo to Manchester United is a blow, not because he’s irreplaceable, but because Newcastle had clearly identified him as the guy. And now? They’re spinning the wheel again.
Joao Pedro might be a smart buy. But are they going to land him? Or are they going to spend the next three weeks flirting with the idea until another club swoops in while the club hesitates?
Eddie Howe deserves better than this. So do the fans. With PSR still casting a long shadow, we understand the caution. But caution doesn’t mean inaction. Other clubs are doing business. Whilst Newcastle are watching their wishlist shrink.
Come July, the excuses will not matter. What will matter is whether they’ve strengthened.