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Newcastle 'set to enter the race to sign Marco Asensio as the Magpies are keen on the wantaway Real Madrid star being the cornerstone of their new Saudi-backed project'

Newcastle are the latest club linked to signing wantaway Real Madrid star Marco Asensio as they look to upgrade the team under its new Saudi Arabia-backed ownership.

Asensio is a top prospect for this summer's transfer window as he has made clear his desire to leave Los Blancos.

Liverpool, Arsenal and AC Milan have all been credited with an interest in the 26-year-old amid his fall down the pecking order at the Bernabeu, and now Newcastle have joined the race to sign him, according to AS.

Newcastle have entered the battle to sign Real Madrid and Spain midfielder Marco Asensio
The Newcastle owners are keen to back Eddie Howe as he upgrades his squad this summer

Under their new ownership, Newcastle have the financial might to compete with the transfer budgets of Europe's top clubs and they reportedly see Asensio as a star player to build their new project on.