Newcastle United are lining up a move for rumoured Wolves transfer target Lorenzo Insigne as they look to make the most of their new-found fortune.

The Lowdown: Wolves linked with Insigne

The 30-year-old has been a legendary figure for Napoli, scoring 114 goals in 411 appearances for the Serie A giants and being hailed as 'crucial' by former Azzurri manager Rafa Benitez in the past.

Wolves have been linked with an audacious move for Insigne over the autumn, with the Italy international's current deal expiring at the end of this season. That could allow Bruno Lage to snap him up on a free transfer, either in advance in January or next summer instead.

The Latest: Newcastle emerge as suitors

Wolves have been handed a potential blow in their efforts to sign Insigne, though, with Rai radio claiming [via Sport Witness] that Newcastle are front-runners for his signature.

The Magpies are thought to be 'ready to shower him with gold', which suggests that they could blow competitors out of the water by offering him huge wages after their recent takeover.

The Verdict: Seems unlikely

Insigne could be an ideal signing for Wolves with Pedro Neto injured, doubts remaining over Adama Traore's future and Francisco Trincao only on loan from Barcelona until the end of the season, but it still feels unlikely.

The Italy winger could demand huge weekly wages - something Wolves are unlikely to guarantee, with Joao Moutinho the current highest earner on £100,000 per week, compared to the Italian's weekly wage of £140,000.

It is far easier to envisage Insigne in a Newcastle shirt than an Old Gold one as the Magpies look to bring in high-profile signings and begin their climb up the Premier League placings over the next few years.

In other news, an in-form midfielder has been linked with a move to Wolves. Find out who it is here.