Bookmakers list Kalvin Phillips, Marcus Rashford and Raphinha as possible Newcastle United targets

Newcastle United are expected to splash the cash again in the coming months as the new Saudi-backed regime tackle their first summer transfer window. Released from the pressures of relegation, the Magpies hierarchy can meticulously plan their approach without rivals using the club’s perilous league to drive a hard bargain - as was the case in January.

A new sporting director - widely tipped to be former Brighton supremo Dan Ashworth - will likely be in place spearheading the overhaul at St James’ Park. Supporters are prepared for Newcastle to be linked with every player in Europe but concerns are a far cry from those held during the scarce days under Mike Ashley.

Bookies have already released odds for who they think the Magpies have a chance of signing this summer. ChronicleLive profiles who SkyBet believe could be wearing the black-and-white stripes next season…

Kalvin Phillips and Dominic Calvert-Lewin are both priced at 8/1, making Newcastle a solid horse in the race to sign the England stars. Only Arsenal (2/1) are shorter odds to sign the latter, who has struggled with injuries this campaign.

Calvert-Lewin has only made 10 top-flight appearances as the Toffees continue to flirt with relegation. Getting the 25-year-old back fit and scoring is key for Frank Lampard’s side but, if the unthinkable were to happen, a move back to the Premier League would appear inevitable.

Phillips is another player who has suffered from injuries, with the Leeds enforcer sidelined since November. Recent reports named Aston Villa (6/1) as the favourites for his signature and this is reflected in the market, but Arsenal and Liverpool both come in at 7/1. Newcastle do, however, have the financial capacity to blow all three sides out of