Newcastle were expected to make a massive splash this summer but they have not signed anyone since completing deals to sign Matt Targett, Sven Botman and Nick Pope.


Their attempts to bring in forwards have been met with several challenges with clubs and agents pricing Newcastle out of moves for several key targets.



Even Leicester are playing hardball in negotiations for James Maddison and there are suggestions Newcastle have been limited by the financial fair play rules.


And Howe stressed that the regulations will continue to impact them for a few more years and insisted that compared to popular perception, Newcastle cannot spend big on fees and wages.



He said in a press conference when asked if financial fair play is limiting Newcastle: “It will continue to impact us, I think, for a number of years.


“We haven’t got the free rein that has been perceived, that we can sign who we want and pay extortionate fees and wages.



“We’re not in that position and I don’t think we will be for some time.”


Newcastle are widely tipped to need to bring in new sponsors before they can turn on the spending taps and make big money buys.