Journalist now says Newcastle don't have the funds available to join race for 'incredible £65m winger

There have been plenty of reports suggesting that Newcastle United are one of several clubs looking to raid Crystal Palace for their top talent this summer.

Eberechie Eze and Michael Olise have tore up the Premier League this season and have garnered a lot of interest from top clubs going into the summer transfer window.

Newcastle have found their name alongside the likes of Manchester United, Chelsea and Liverpool when it comes to their admiration of 22-year-old Frenchman Michael Olise.

Crystal Palace have reportedly set a £65million price tag on Olise who Pep Guardiola once called 'incredible' which could tempt the aforementioned clubs to make their move.

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Olise is said to be keen on a move to Chelsea

The current direction of the wind is blowing towards Chelsea for Olise with Give Me Sport claiming personal terms have been agreed, which begs the question, just how good is their recruitment PowerPoint? Or do they hold players at gunpoint until they agree to join? Because their club is becoming a parody of itself and yet players still flock there regardless.

Regardless of whether or not Olise has agreed terms, it may well be a moot point for Newcastle according to journalist Ben Jacobs who has told Give Me Sport that the Magpies couldn't afford to get involved in the transfer race anyway.

“It looks like a very open race still for Olise at this point, with Crystal Palace not to be discounted, with Olise to take his time.

“And then from Newcastle's point of view, if they're to be the third player in the race, they're going to have to bring in some funds from somewhere, because they don't have a readily available £60m-£65m to make the bid at this point.”

We have a feeling there won't be a "big" transfer this summer

Jacobs doesn't clarify here whether he means Newcastle won't have the funds this summer to make a £65million bid, or if he just means pre-July 1st when the new Profit and Sustainability reporting year kicks in and budgets become clearer.

Either way, we aren't really expecting Newcastle to make any big signings of over £50million this year, but we thought that last year and we nabbed Sandro Tonali for £55m and still went on to spend more, so you just never know.

I think everyone can agree that whatever happens in terms of incomings, there will be noticeable outgoings this year. Albeit not players like Bruno Guimaraes or Alexander Isak no matter how much the London-based, "Big Six"-loving media keep trying to make it happen.