Newcastle United plan £40m bid for Liverpool midfield target Allan
Newcastle United are preparing a £40m bid for Palmeiras midfielder Allan ahead of the summer transfer window, with Premier League rivals Liverpool also monitoring the Brazilian.
The Magpies are planning a significant squad rebuild following an inconsistent domestic campaign.
Scouts from Tyneside have extensively tracked the 21-year-old’s development throughout the current season in South America.
Securing the highly-rated prospect will not be straightforward for the English clubs.
Palmeiras hold firm on valuation
The Brazilian outfit are highly reluctant to part ways with one of their most promising academy graduates.
They have already demonstrated their financial resolve by rejecting a £34m approach from Napoli during the January transfer window.
Consequently, any successful swoop will require a substantial financial commitment to tempt the São Paulo-based club into a sale.
Both Premier League suitors are acutely aware that competition for the midfielder’s signature will be fierce.
European qualification remains crucial
The lure of European competition could prove decisive in the race to secure the young talent.
The Anfield club likely require Champions League qualification to execute their ambitious summer recruitment strategy.
Meanwhile, Eddie Howe’s squad face an uphill battle to secure any form of continental football for next season.
A strong conclusion to the current campaign is imperative for the Tyneside outfit to enhance their appeal in the upcoming market.
