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Newcastle United: PIF told Moises Caicedo will cost up to £70m

Newcastle United: PIF told Moises Caicedo will cost up to £70m - Newcastle United News

The Kingdom of Saudi Arabia’s (KSA) Public Investment Fund (PIF) have been told that it will cost up to £70m to sign Moises Caicedo for Newcastle United.

The Lowdown: Impressive few months

Caicedo’s profile is certainly rising, from the start that he has made to the season with Brighton and Hove Albion to impressing with Ecuador at the World Cup.

At Brighton, he has been their joint-third best-performing player in the Premier League so far, with only Alexis Mac Allister in the squad matching his 3.1 tackles per game in the division (WhoScored), helping them up to seventh in the table before the mid-season break.

Caicedo was also a standout performer for his nation in Qatar, playing in every game in the group stage and even managing to get himself on the scoresheet (WhoScored), and now he is attracting interest from some top Premier League clubs.

The Latest: Could cost £70m

As per The Sun, Newcastle have been told that it will cost them between £60m and £70m if they want to sign Caicedo, having failed to sign him in 2021 when the Seagulls snapped him up for a much cheaper £3.6m.

However, they will face competition from top-flight heavyweights Manchester United and Chelsea for his signature.

The Verdict: Another club-record…

Having signed Alexander Isak for a club-record £63m in the summer, the Tynesiders could potentially break their transfer record again within the space of a year if they pay £70m for Caicedo.

Hailed as an ‘exceptional player and character‘ by his team-mates, the 21-year-old is already one of the best players in his position, ranking in the 85th percentile for defensive midfielders in Europe’s top five leagues over the past year for average tackles and blocks per game per FBRef.

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Newcastle fans! Do you know how many Magpies players in total have been called up by their countries for World Cups?

The big transfer fee is always a risk, but Caicedo looks like a player who could really grow at the Magpies over the next few years if he comes to St James’ Park.

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