The January transfer window has been a whirlwind affair for Newcastle United but did we expect anything else?

After all, the Magpies are now owned by the oil-rich Saudi Prince Investment Fund and their power in the market has increased significantly.

What's the word?

Despite Newcastle's newfound wealth, they haven't found proceedings straightforward this winter despite securing the additions of Kieran Trippier and Chris Wood.

A move for Sven Botman has collapsed and there have been some concerns over a deal to sign Diego Carlos too.

Last night, Sky Sports revealed that another Premier League team had matched the Magpies' bid for the central defender and then the Brazilian was subsequently also included in Sevilla's starting XI for their match with Valencia.

Reports on Thursday morning then indicated that Newcastle could pull the plug and focus elsewhere but Craig Hope has thankfully found some positive news on the deal.

Taking to Twitter, the reporter said: "Sources say they remain very hopeful of Newcastle completing a deal for Sevilla’s Diego Carlos."

Fans will be elated

Phew, after all the swings and roundabouts, it appears as though a move for the Sevilla defender is still very much on the cards.

It was reported this week that Carlos had even sent in a transfer request to his current employers as the deal looked to move and according to Hope, things are still moving in a positive direction.

This would be a major move for Newcastle if they can complete it, one that leaves supporters elated at their new owners but also a move that provides them with more hope for the back end of the season.

The Magpies are in severe danger of being relegated to the Championship and currently sit in 19th position having won just once all season.

Worryingly, the team at the foot of the table - Burnley - have three games in hand so it's a real possibility that in a few weeks time Newcastle find themselves dead bottom.

However, the acquisition of Carlos should significantly improve their fortunes.

One of the biggest reasons Eddie Howe's side are so near the bottom is because of their defensive record, shipping a whopping 43 goals in 20 matches with only Norwich having a worse record in the top-flight.

Therefore, the arrival of a pedigreed international in the 29-year-old centre-back will be a welcome one, particularly after missing out on Botman.

With that saga done and dusted, the Toon Army will be delighted to see that good progress is still being made in their bid to bring Carlos to Tyneside.

AND in other news, "From sources" - Fabrizio Romano drops big NUFC transfer update that'll delight fans...