Newcastle summer transfer window 2025: Top targets, budget, most likely signings and priority positions

Newcastle United fans will still be celebrating a fantastic 2024-25 campaign, during which the Magpies lifted their first major domestic trophy since 1955 and qualified for the Champions League for the second time in the last three seasons.

However, there is little time for celebration for those handling Newcastle's transfer dealings, as Eddie Howe's squad must be strengthened if they are to avoid a repeat of their 2023-24 Champions League group-stage exit and instead advance deeper into the competition.

Newcastle's starting lineup certainly has the quality to compete on multiple fronts, but reinforcing key areas, improving squad depth, and sorting out the Alexander Isak debacle will prove crucial in solidifying their place among England and Europe's elite teams.

Here, Sports Mole takes a closer look at Newcastle United's 2025 summer transfer window, including their top targets, priority positions, budget and most likely signings.

Newcastle's top targets for 2025 summer transfer window

Despite having the allure of Champions League football and proving they are capable of winning trophies against the best, the Toon have so far found it difficult to attract some of their top targets.

The Magpies were extremely keen to sign Marc Guehi last summer, with several bids knocked back by Crystal Palace, but it looks as if Liverpool have jumped ahead of them in the race to sign the England international, so they have moved on and signed Malick Thiaw from AC Milan.

Howe was also been keen to bolster his goalkeeping department, but while Burnley shot-stopper James Trafford had been on the Magpies' shortlist, his former side, Manchester City, have now completed a deal, so Aaron Ramsdale has made a move to St James's Park instead on loan from Southampton.

The 27-year-old was part of the Saints squad that went down with a whimper last season, but many see him as capable of pushing Nick Pope for the number one jersey in the North East.

At the other end of the pitch, there had been suggestions that Newcastle had tried to sign the likes of Joao Pedro, Bryan Mbeumo and Hugo Ekitike with Isak pushing for a move away from the club, but the former has signed for Chelsea, and the latter two have moved to Manchester United and Liverpool respectively.

Newcastle also made a significant push to sign Benjamin Sesko from RB Leipzig, but the 22-year-old opted to complete a move to Manchester United too.

Attention now appears to have turned to wantaway Brentford forward Yoane Wissa, who has reportedly become a target for the Toon, after racking up 19 goals in 35 competitive appearances last term.

The Magpies have at least managed to secure the services of Nottingham Forest's Anthony Elanga after several rejected bids, with the Sweden international arriving at St James' Park in a deal worth up to £55m.

Newcastle budget for 2025 summer transfer window

It is no secret that Newcastle United boast some of the wealthiest owners in world football, and Magpies fans are hopeful that the club will flex their financial muscles in the 2025 summer transfer window.

Newcastle are sure to have learnt their lesson from their last Champions League appearance, when a series of injuries played a hand in their group stage exit, and the Magpies will look to strengthen their squad in order to avoid a repeat of that scenario in 2025-26.

Qualifying for the Champions League has certainly increased their flexibility in the market, while a profit in last year's summer transfer window furthers their ability to spend this time around.

Elanga was brought in early, and the Swedish winger has been joined by two more recent additions, with Thiaw moving from AC Milan to bolster the backline, and Jacob Ramsey adding some exuberance in midfield following a £43m move from Aston Villa.

Any more movement on that front would improve with a big-money sale of Isak; the Swede seemingly has a valuation of £150m, and any transfer this summer would almost certainly be a British record.

Newcastle's most likely signings for 2025 summer transfer window

With Isak adamant that he deserves a move away, the Magpies are reportedly working to finalise a deal for Wissa, given that he is also attempting to force a move away from the Gtech this summer.

Chelsea's Jackson has also been identified as a forward target, though, and it is not impossible to imagine him making the move to St James' Park before the summer transfer window closes for business.

Jackson is widely expected to leave Stamford Bridge in the next few weeks after falling down the pecking order following the signings of Liam Delap and Joao Pedro.

Norwegian striker Jorgen Strand Larsen is also on Newcastle’s radar, though talks have proved difficult, with Wolverhampton Wanderers reluctant to sanction a sale.

Having already seen a £55m bid rejected, the Magpies are now preparing to return with an improved £60m offer, according to Sky Sports.

Newcastle's priority positions for 2025 summer transfer window

As Newcastle decided not to hand Callum Wilson a new contract, and with Isak also pushing for an exit, the striker position is set to be high up on the Magpies' shopping list.

Kieran Trippier has been linked with a potential summer move away from Newcastle, and while Tino Livramento and Lewis Hall have proven themselves as more-than-capable starters, the Magpies would still require a rotational full-back option.

That need has only grown with Matt Targett joining Championship side Middlesbrough on loan for the 2025/26 season after falling out of favour under Howe, leaving the Toons one option short in the defensive department.

Centre-backs Dan Burn and Fabian Schar have excelled at the club, but both are 33 and they may need to be phased out of the team at some point in the near future, with Thiaw and Sven Botman set to be long-term pairing.