Newcastle United are “willing to pay” £60m to lure Leicester City star James Maddison to St James’ Park, according to transfer boss Dean Jones.
The Magpies broke a club record by spending £63m on Alexander Isak earlier this year, but head coach Eddie Howe wants to land another big-money deal.
GiveMeSport transfer update with Dean Jones
Newcastle transfer news – James Maddison
Seconds 90 minutesMaddison has been identified as Howe’s top target ahead of the winter transfer window opening for business next month.
The report suggests that Newcastle are investigating whether it will be possible to reach an agreement with Leicester, as they have to take into account Financial Fair Play rules.
Maddison was the subject of interest from Tyneside in the summer, with two bids worth up to £50m, but Leicester stood firm and were unwilling to lower their £60m asking price .
Jones has previously told GIVEMESPORT that there is a “growing belief” that Newcastle will tempt the creative midfielder to St James’ Park in the early stages of 2023.
But Howe faces competition for Maddison’s services as Spanish sources have revealed Liverpool and Arsenal are weighing up whether to test Leicester’s resolve.
Read more: January 2023 transfer window: when it starts, rumors and everything you need to know
What has Dean Jones said about Maddison?
Jones is aware that Newcastle have tried to be frugal in the transfer market since Saudi Arabia’s Public Investment Fund led the club’s £305m takeover last year.
However, the reporter understands the Magpies are open to learning Maddison’s valuation from Leicester next month.
Jones told GIVEMESPORT: “Generally they have been very careful with their spending.
“But they splashed out on Isak and spent over £60m on him. They tell me they’d be willing to pay that for Maddison.”
Will it be easy to sign Maddison in January?
Maddison is reportedly preparing to enter the final 18 months of his £110,000-a-week contract with Leicester. Spottermeaning the winter transfer window could be the perfect time for his current employers to cash in.
Allowing the 26-year-old, who has previously been described as “world-class” by former Foxes right-back Danny Simpson, to move into the final year of his deal would be a dangerous gamble as the Foxes they may have difficulty playing. recoup close to the amount of money Newcastle are currently willing to shell out.
However, Maddison has scored seven goals and registered four assists in 13 Premier League appearances this season and Leicester will have to take note.
MailOnline have revealed that a mid-season move to Newcastle will be difficult to complete due to the financial implications, so it looks like Howe will have to wait until the end of the season before potentially adding the England international a single selection to your selection.
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