Luke Edwards has dropped a fresh update on Newcastle's budget heading into PIF's first transfer window on Tyneside.

What's the talk?

The Telegraph reporter has claimed that the Magpies "can always spend more" than their pre-set January budget if a "box office" player becomes available in the winter market.

He made the claim in response to his own exclusive stating that they have a £50m transfer war chest for January, as PIF look to make moves to improve the team midway through the season.

Delight

Newcastle fans will surely be left feeling delighted by this update from Edwards. For starters, they will be over the moon with the initial report stating that the club are preparing to splash out £50m in January as Mike Ashley only made one signing, Joe Willock, in the summer for £26.4m.

The midfielder spent the second half of last season on loan from Arsenal, which meant that the Magpies added no fresh senior players to the squad over the summer. Converting Willock's loan into a permanent deal was the only first-team incoming piece of business, with Newcastle failing to strengthen any area of their team from the one that finished the 2020/21 campaign.

Therefore, fans will be buzzing with the prospect of such a vast sum being spent in January to improve the team. It will give Steve Bruce, or whoever potentially replaces him in the dugout, additional firepower to attack the second half of the season in a bid to avoid relegation and push further up the Premier League table.

The supporters will also love Edwards' added point about a potential marquee signing. His comment shows that PIF are ambitious and ready to invest the money required to make significant improvements to the team, as they are willing to pay more than they have initially set out if an opportunity arises to bring a big-name to St. James' Park.

It remains to be seen what defines a 'box office' player for PIF, with the likes of Raheem Sterling, Mauro Icardi, Gareth Bale and Timo Werner touted with moves to the club. For example, would they splash out to sign Icardi? What about Sterling? January could be a very interesting, and exciting, window for Newcastle fans and Edwards' comment will only add to the excitement levels bubbling away.

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