Newcastle United manager Eddie Howe is focused on having dedicated players in his squad as Alexander Isak expresses a desire to join Liverpool. Despite this, Howe acknowledges that the Premier League's financial regulations are limiting their transfer activities. Newcastle's preparations for the 2025-26 season have been disrupted by Isak's wish to leave, with Liverpool's initial bid of £110 million plus add-ons being rejected.
Isak, who netted 23 goals last season, has been training separately from Newcastle's main squad and hasn't participated in pre-season matches. His impressive performance helped Newcastle secure Champions League qualification, marking him as the first player since Alan Shearer in 2001-02 to achieve such a feat. Additionally, he scored in their EFL Cup final win over Liverpool. However, Howe is uncertain about retaining him.

Reports suggested that Isak was informed a move was not possible, but Howe clarified after a friendly loss to Atletico Madrid: "No, that's not something I'm aware of. I have no knowledge of that. He's contracted to us. He's our player. The club will make the decision on his future. I don't know what that will be." Howe desires a strong squad but emphasises the need for players who genuinely want to represent Newcastle.
Newcastle is reportedly nearing a deal with AC Milan for centre-back Malick Thiaw at £34.6 million (€40 million). However, they face difficulties in securing a replacement for Isak. The club was linked with Joao Pedro before his move to Chelsea and made offers for Hugo Ekitike and Benjamin Sesko, who chose Liverpool and Manchester United respectively.
The Magpies are also interested in Brentford forward Yoane Wissa, though Al-Nassr is competing for his signature. Howe attributes Newcastle's struggles in acquiring top targets not to the club's project but to the Premier League's profit and sustainability rules. "We're controlled by PSR," Howe stated. "That's still limiting what we can do and that's the reality."
Howe further explained that Newcastle isn't among the league's highest payers, which influences players' decisions. He believes playing at Newcastle offers unique benefits: "Playing in front of these supporters, that's an absolute privilege and an honour that's never lost on me." Nonetheless, financial factors often sway players' choices.
Callum Wilson departed for West Ham on a free transfer, prompting Anthony Gordon to fill in as a temporary striker against Atletico Madrid. Unfortunately, Gordon suffered an ankle injury five minutes before full-time. "We hope he's okay," Howe mentioned regarding Gordon's condition. Initially thought to be muscular, it turned out to be just a twist.
Despite these challenges, Howe remains optimistic about maintaining a competitive team while navigating financial constraints and player commitments.