Eddie Howe will reportedly be handed £75 million to improve his squad this summer, with the club's Saudi owners having to tighten their spending following qualification to the Champions League.
James Maddison is believed to be the top target, with the Magpies targeting midfield reinforcements ahead of their participation in Europe's elite club competition.
Having spent over £250 million in the three transfer windows since the Saudi Public Investment Fund's takeover of the club, they now have to consider Financial Fair Play restrictions, resulting in a lower than expected budget.