Newcastle is now the richest club in the world following the Saudi-led takeover.
'The Telegraph' and 'The Athletic' report that 'The Magpies' are going to spend around 220 million euros in the next transfer window.
The new Newcastle owners want stars to already join the team to change the image of the club and compete for more ambitious goals.
Amanda Stavely, the public face of the takeover, said: "We are already working on improving our team and we will target world-class players".
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