Despite the financial strength of their Saudi owners, Newcastle, according to Eddie Howe, are unable to launch blockbuster moves for superstars such as Cristiano Ronaldo and Neymar.
Newcastle, which is controlled by the Public Investment Fund of Saudi Arabia, has spent more than £250 million ($315 million) on new players in the last three transfer windows.
With Howe’s side third in the Premier League heading into this weekend’s visit from Arsenal, the Magpies appear to be favorites to clinch a lucrative spot in next season’s Champions League.
Newcastle’s stunning turnaround under Howe has made them a desirable destination for star players, with PSG forward Neymar and Al Nassr forward Ronaldo recently linked with moves to St James’ Park.
But, asked on Friday about the prospect of some of the best players in the world coming to Newcastle, Howe told reporters: “It is best to discover them before they explode onto the world scene.
“We could not be able to come close to affording those players as they are the best players in the world.
“We are never going to be in a position currently to afford those transfer fees and wages, so we need to go underneath and find them young and develop them into the players they can be.”
Howe has made shrewd signings like Nick Pope and Kieran Trippier for relatively low fees, while spending larger sums to land Bruno Guimaraes, Sven Botman, Alexander Isak and Anthony Gordon.
Mega-money swoops for players of Neymar’s calibre remain out of Newcastle’s reach at present, but Howe knows that won’t stop the speculation.
“That kind of speculation has been there from day one since the takeover, really. Naturally everyone has then assumed the biggest names in world football will be going to Newcastle,” he said.
“Now we’ve not recruited that way. Financially, we can’t recruit that way at the moment, but also we have to bring the right people and the right players into the group.
“I will say the transfer market is such a complex decision, you can’t just pick a name and bring them in. There’s got to be a lot of thought going into what we’re doing both financially and looking at the players.”