Howe vows Newcastle won't make 'poor' transfer decisions

Woltemade arrived in Newcastle on Friday with a view to completing a club record £65 million ($87 million) switch from Stuttgart. The 23-year-old striker's imminent move to St James' Park could allow Newcastle to finally accept Isak's demand to move to Liverpool.

The Premier League champions are ready to make an improved offer for Sweden striker Isak after their initial £110 million bid was rejected.

Howe hinted for the first time on Friday that he might reluctantly be open to allowing Isak to leave, because of the impact a sale would have on Newcastle's profit and sustainability calculations.

Isak, whose goals fired Newcastle to Champions League qualification and League Cup victory last season, has been training on his own since making clear his desire to move to Anfield.

Asked if he had a preference over Isak's situation, Howe told reporters: "Of course I would have a preference, but ultimately you have got to look at all the information.

"Of course, I have a footballing preference, but then you have to take everything else into account. You can't just be oblivious to things that have happened, so I'm in that position, really, where I'm trying to separate myself because I have no control over it.

"I will let everything take its course and then deal with the eventuality. I don't think you can be emotionally involved. If you're emotionally involved, you're going to make a bad decision."

Newcastle were forced to sell Elliot Anderson and Yankuba Minteh last year in order to avoid a points deduction, and a sizeable return on their £63 million investment in Isak would ease any PSR concerns.

"I've said many times we don't want to be in a position where we are having to make poor decisions - which we had to do, well-documented, previously - off the back of the decisions we've made trying to improve the squad, as we are now," Howe said.

"PSR continues to influence everything we do, but we don't want to be chasing a big deficit because that will have big negative consequences if we are in that position again."