Report: Newcastle told they will have to pay £60m to sign 'incredible' winger from Premier League rival

Now that the Premier League season is over it's time to start talking endlessly about transfers with Newcastle United looking to shake things up a bit this summer.

Thanks to Profit and Sustainability Rules, Newcastle won't be able to fund the shake-up many of us feel we need with Eddie Howe trying to temper expectations at any given opportunity.

However, there will be scope to spend a decent amount of money this summer, but it'll likely be on several players rather than any statement signings.

Therefore when players we're looking at get slapped with £60million price tags, it may be a sign to start looking elsewhere.

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Manchester City and Newcastle want Wolves' Pedro Neto

Newcastle and Manchester City both have their sights set on Wolverhampton Wanderers' Pedro Neto as a potential summer signing but according to The Telegraph, Wolves have slapped an asking price of £60million on the Portuguese.

The 24-year-old right-winger can play all across the forward line making him an extremely valuable asset. In his 20 Premier League games for Wolves this season he has picked up two goals and nine assists with Micah Richards taking the time on The Rest Is Football Podcast to hail him as an 'incredible talent'.

Neto's season, much like most of Newcastle's squad, has been affected by injury with the winger sitting out 17 Premier League games with two separate hamstring injuries.

Newcastle need a replacement for Miguel Almiron

Newcastle have been admirers of Neto for a long time and have been linked with him many times before, but with Manchester City entering the race, and a £60m price tag hanging off him, it's not looking as likely a move as it perhaps once was.

There's no doubt Newcastle need a right-winger this summer, with Miguel Almiron tipped to leave, even though he'd prefer to stay.

Even if Miggy does stay, we still need a better first-choice option, someone who can be more consistent than Miggy. Jacob Murphy is currently Eddie Howe's first choice in that position, and as much as we love Murphy, we'd still say we can, and should be looking at better.