Report: How much Newcastle United can spend on one player in January

Written on Thursday, 18 December 2025
James Rutherford

Performances and injuries are making this a very important January transfer window for Newcastle United.

It is absolutely essential that Ross Wilson strengthens the Newcastle United squad, as he prepares for his first transfer window at St James’ Park as sporting director.

There is a desperate need for defensive reinforcements, with Eddie Howe suddenly enduring an injury crisis at the back. It got even worse on Wednesday night, with Tino Livramento injuring his knee during the Carabao Cup win over Fulham.

The injury list grows 🤕 Who will we miss the most vs Chelsea?

There's a chance Lewis Hall could return, but the rest could be absent.

Photo by Stu Forster/Getty Images
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Newcastle want to sign a full-back in January, while a centre-midfielder is also on their radar. Kees Smit is a target for Newcastle, but a deal for him will not be cheap.

Fortunately, the Magpies are in a position to splash the cash to some extent.

£50m player could arrive at Newcastle United

After spending £260million on new players in the summer, there may have been a reluctance from Newcastle United to spend big again in January. However, it remains a possibility.

According to the i Paper, Newcastle United insiders suggest that the club are in a financial position to spend up to £50million on one player during the January transfer window due to amortisation.

Ross Wilson smiles ahead of Everton vs Newcastle United.
Photo by Serena Taylor/Newcastle United via Getty Images

That is certainly encouraging, especially given how inflated the transfer market can be during the winter. An arrival worth around £50million would go a long way towards strengthening Eddie Howe’s squad, at a time when he could do with a lift.

The i Paper add that, while the January transfer window can be a challenging one to do business in, Newcastle United accept that their season needs an ‘injection of impetus’.

If the Magpies do spend close to £50million on someone in January, it will be their first major signing during the winter window since Anthony Gordon’s £45million arrival in 2023.

Pretend you’re Newcastle United’s sporting director, where are you spending straight away?

Ross Wilson has given the green light to January signings at Newcastle United…

“Can we spend in January? Yes. If we want to, we can.”

Ross Wilson speaking about Newcastle United’s spending power, via The Athletic

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Pressure on Newcastle United to use their transfer budget wisely

During the 2025 summer transfer window, money was not the issue. Instead, the issue was how they used it.

The Magpies splashed out on a variety of players, but only Malick Thiaw and Nick Woltemade have had a positive impact.

Yoane Wissa has only just returned to fitness, while Anthony Elanga and Jacob Ramsey have struggled to be influential since arriving at St James’ Park. Those three players cost more than £150million combined.

That figure and their lack of impact puts Newcastle under even more pressure to get their January signings right. There is money for Ross Wilson to spend, but he must use it wisely.

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