Transfer insider Dean Jones has now dropped a claim involving Newcastle United and the Kingdom of Saudi Arabia's (KSA) Public Investment Fund.

The Lowdown: FFP thoughts

Of course, with the riches that the consortium possess, they will have to have one eye on Financial Fair Play (FFP) before they start splashing the cash in the summer.

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The St James' Park club had already spent around £90m on five signings in the January transfer window, but The Daily Telegraph have reported that the owners have ruled out making ‘expensive superstar signings’ when the summer market opens.

They want ‘room for manoeuvre’ under FFP regulations, but that does not mean they won't spend a lot of money providing that the club can stay within the parameters.

The Latest: Jones reacts to PIF/FFP development

Speaking to GiveMeSport, Jones has now claimed that PIF will put FFP in the back of their minds if an 'amazing' transfer opportunity comes up for Newcastle over the summer.

He stated: “They’ve always got that ability to land big signings based on the fact that their budget is almost limitless.

“I know people talk about FFP, but to be honest, that’s something they’ll think about further along the line if an amazing opportunity crops up.”

The Verdict: Exciting for Newcastle fans

It is certainly exciting for the Toon Army that it seems as if PIF will look to spend big this summer.

Newcastle have already been linked with some star names like Kalvin Phillips, Jarrod Bowen and Victor Osimhen, so if they can bring in a few players to strengthen their starting XI, then the Tynesiders can well and truly kick off their long-term project.

Nonetheless, they will need to comply with FFP rules, but everything appears to be pointing towards a busy summer for the Magpies on the transfer front.

In other news, find out what could be the 'best money' that NUFC have 'ever spent'