Newcastle United are finalizing the signing of defender Malick Thiaw from AC Milan for a reported €40 million package, including a €35 million upfront fee and €5 million in add-ons. The clubs have reached an agreement, with Thiaw expressing a strong preference to join Newcastle. The player is scheduled to undergo a medical and sign his contract shortly. This transfer represents a key addition to manager Eddie Howe's squad. Meanwhile, Newcastle's transfer activities are constrained by the Premier League's Profit and Sustainability Rules (PSR). Howe has indicated uncertainty about the future of forward Alexander Isak, acknowledging he does not have the final say on Isak's potential sale. There is speculation that Newcastle might need to rebuild their squad by selling Isak and reinvesting the funds. Additionally, Newcastle's ownership by the Public Investment Fund (PIF) contrasts with the significant spending by other PIF-owned clubs in the Premier League, which has exceeded £500 million following Darwin Nunez's move to Al Hilal.