How Newcastle could line up after £250m transfer spree with Carabao Cup final heartbreak sparking summer rebuild

NEWCASTLE UNITED are reportedly set to go on a huge summer transfer spree after their Wembley heartbreak on Sunday.

The Magpies were beaten 2-0 by Manchester United in the Carabao Cup final thanks to goals from Casemiro and an own goal from Sven Botman.

Eddie Howe could be set for a mega summer spend with NewcastleRichard Pelham / The Sun

AlamyLeicester City star James Maddison is believed to be the top target[/caption]

And that meant that the North East club’s 54-year long wait for a trophy continued.

With the backing of the mega-rich Saudi’s, supporters remain optimistic that better days lay ahead for the Toon.

Especially with co-owner Jamie Reuben tweeting afterwards: “We will be back stronger and better.”

Now i News is stating that “the resolve is there in the black and white corner, along with cash stumped up” to get Newcastle up with the big boys.

And that a big summer transformation “might land them with a £250m bill” if they bring in a number of additions designed to take Eddie Howe’s side to the next level.

We reported previously how Leicester City’s James Maddison is their No.1 transfer target.

The 26-year-old playmaker has been in sensational form this term in the Premier League and has caught the eye of Newcastle and Tottenham.

The Magpies lodged two bids worth £40million and £45m last summer but had both rejected.

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Since then Maddison has gone on to enjoy a fine campaign with the struggling Foxes and earned a place in Gareth Southgate’s England World Cup squad.

Despite talks set to restart with Leicester over a new deal, Howe still hopes to bring the attacker to Tyneside.

Speculation has also mounted that Toon will launch another transfer bid for Bayer Leverkusen’s Moussa Diaby after failing to prise the 23-year-old winger to Tyneside last summer.

Despite their impressive defensive record, there have also been reports that Howe wants to strengthen his backline.

Question marks have been raised over fan favourite Dan Burn at left-back, and that could potentially see a new arrival in that position.

One man who may be available is Joao Cancelo, who is currently impressing on loan at Bayern Munich after a fall-out with Manchester City boss Pep Guardiola last month.

SunSport understands that the shock deal included an option to buy the 28-year-old at the end of the season for around £61.5m.

However, if Newcastle come knocking then the Portuguese star could have something to think about.

The injury records of Alexander Isak and Callum Wilson have also hindered the Magpies at times.

And they could also join the countless other clubs in the chase to sign Napoli hotshot Victor Osimhen.

Manchester United are believed to be at the front of the pack for the Nigerian, whose Italian employers are demanding at least a whopping £107m for.