Newcastle are continuing talks with Watford over a deal for Joao Pedro despite having their first offer rejected.
The club on Thursday night refuted claims they had made a second formal bid of £25m but continue to pursue a deal.
Newcastle remain interested in Rennes winger Kamaldeen Sulemana and Chelsea's Christian Pulisic.
Newcastle have seen their improved offer for Joao Pedro turned down by Watford on Thursday
The Magpies saw a bid worth £20m rejected only a few days ago.
Joao Pedro, 20, remains one of Watford's most prized assets and the Championship club are committed to keeping the player after seeing Dennis leave, it has been reported.