When the highly-anticipated Newcastle United takeover went through in late 2021, many presumed the Magpies would be challenging for the Premier League crown by this point, but spending restrictions have prevented them from forcing their way into the title conversation.
The St James’ Park faithful would have expected one or two marquee signings arrive for the second half of the season, especially given their inconsistency in the Premier League campaign, where they currently sit mid-table rather than challenging in the higher echelons as they did last term.
Newcastle are also one leg away from exiting their EFL Cup defence after suffering a 2-0 defeat to Manchester City in the first leg of the semi-final.
However, it has been a frustrating transfer window for the Magpies, as they failed to land any of their major targets.
The big story that came out of St James' Park was definitely the exit of Jamaal Lascelles, who secured a permanent move to Leicester City for the rest of the season.
A true leader on the pitch, Lascelles spent 12 years at the Tyneside club and made 253 appearances across all competitions, and stamped his loyalty time and again during tough phases under Mike Ashley.
Towards the end of the window, Sandro Tonali was reportedly targeted by several top clubs, but the Magpies were unlikely to let him go without bringing in a proper replacement.
Tino Livramento was linked with a move to Arsenal last month, but with the Gunners already stocked with quality players in every position, any potential deal did not materialise.
Here, Sports Mole rounds up all of Newcastle's confirmed ins and outs during the 2026 January transfer window, as well as looking at their net spend and latest transfer rumours.
Newcastle confirmed transfers in: January 2026
Joe White (AM | Loan return from Leyton Orient)
Newcastle confirmed transfers out: January 2026
Jamaal Lascelles (CB I Undisclosed to Leicester City)
Antonito Cordero (loan to Cadiz)
Harrison Ashby (RB | Loan to Bradford City)
Joe White (AM | Loan to Bradford City)
Cathal Heffernan (CB | Undisclosed to Harrogate Town)
Newcastle net spend: January 2026
Newcastle total spend January 2026: £0m
Newcastle total income January 2026: £0m
Newcastle net spend January 2026: £0m
Latest Newcastle transfer rumours for January 2026
In
Mateus Mane (Wolverhampton Wanderers)
Nicolas Jackson (Bayern Munich/Chelsea)
James Trafford (Manchester City)
Out
William Osula (Eintracht Frankfurt)
Sandro Tonali (Juventus)
You can find a complete list of the latest Newcastle transfer rumours by clicking here
When does the January 2026 transfer window open and close?
The January transfer window opened on Thursday, January 1 for all English and Scottish clubs, and will run through to the first weekday of February.
This means that deadline day for the 2026 January transfer window falls on Monday, February 2, with the window closing at 7pm GMT.