Newcastle want to sign the highly rated Penarol winger Facundo Pellestri.
The player has been linked with quite a few clubs already. Apparently, Manchester City made an offer to sign the player as well.
As per Mundo Deportivo (via Sportwitness), Wolves, Arsenal and Atletico Madrid have been linked with the player as well.
It will be interesting to see if Newcastle can fend off the competition for Pellestri.
The Magpies are expected to have a significant transfer war-chest once their takeover is complete. They might be able to outbid the others.