Wolves are reportedly facing more competition for Renato Sanches, with mega-rich Newcastle United reportedly joining the hunt.

According to Calciomercato, the Magpies are keen to bolster their midfield options to increase their survival hopes.

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They are in big trouble at the moment, and are still yet to win in 2021/22.

They are in serious need of mid-season reinforcements, and it seems Sanches is a player they like.

The Lille star is set to become the subject of speculation once again as the January transfer window approaches.

The player can leave the club for the right price according to Olivier Letang.

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The French outfit have supposedly slapped a £30 million asking price on Sanches.

It is thought AC Milan are keen on the Portugal international, and Arsenal have also been mentioned as possible suitors.

Last month it was reported Wolves could come in with a bid for Sanches.

He would make a superb addition, but one wonders if Wolves may struggle coming up against the new financial might of Newcastle.

Newcastle could blow Wolves out the water for Sanches

Newcastle will easily be able to meet that £30 million asking price for Sanches.

The Saudi Arabian Public Investment Fund that owns 80% of the club is worth a reported £320 billion.

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Finances will simply not be a stumbling block for them.

The takeover is still in its infancy though, and some players may feel this is not currently the right moment to join.

Newcastle could well offer Sanches a dazzling financial package, but the possibility of a relegation battle may not appeal.

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