Newcastle United are preparing an improved offer for Nottingham Forest’s electric winger Anthony Elanga after seeing their initial £50m bid rejected. The Magpies have made the Swedish speedster their prime attacking target following frustrating misses on both Joao Pedro – who’s Chelsea-bound in a £60m deal – and Brentford’s Bryan Mbeumo, now favoring Manchester United.
Elanga Torn Between Newcastle’s UCL Promise and Forest’s Stance
Eddie Howe’s side believe their Champions League football (compared to Forest’s Conference League qualification) could tempt Elanga, who starred last season with 6 goals and 12 assists in 43 games. However, Forest – who also rebuffed Newcastle’s advances last summer – remain reluctant sellers despite PSR pressures.
PSR Lifeline for Newcastle’s Spending Spree
In a timely boost, Newcastle are about to see a £72m loss cycle disappear from their Profit & Sustainability calculations. This comes as crucial relief after their Saudi-backed owners struggled with the Premier League’s £105m rolling three-year loss limit since the 2021 takeover.

Why Elanga Fits Howe’s Blueprint
Newcastle value Elanga’s Premier League-proven pace and creativity (18 total goal contributions last term) as ideal for their high-intensity system. At just 22, his potential resale value also aligns with the club’s recruitment strategy.
What’s Next?
• Improved Newcastle bid expected within 72 hours
• Forest scrambling to identify replacements
• PSR deadline adding pressure to negotiations

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