By Russell Edge

4th May, 2017 | 9:51am

Benitez PL budget revealed, 26-year-old rising star identified as top target - report

By Russell Edge

Rafael Benitez has been told he will have to work with a £70m transfer budget this transfer window, according to a report.

The Telegraph claim that the Spanish manager is set to hold talks with owner Mike Ashley in the next week looking towards their upcoming Premier League campaign.

The report claims that Benitez believes that the club need an overhaul having secured promotion and that he is aiming for up to eight new arrivals at St James’ Park.

However, Benitez may be forced to get the best value for money if he is to get eight players in, with the Telegraph claiming Ashley is only willing to provide a £70m transfer budget.

This budget is the base for Benitez to work with and can be boosted through player sales, according to the report.

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As such, the Newcastle boss may be looking to offload a number of fringe players, such as Grant Hanley and Matz Sels, to boost the bank balance and provide more manoeuvrability in the transfer market.

Benitez’ top targets are said to include Arsenal’s Callum Chambers, Everton’s James McCarthy and the Championship’s rising star Fulham’s Tom Cairney.

Cairney, 26, was seen as pivotal to Fulham snatching a late play-off spot, scoring 12 goals and providing 11 assists across 44 league games.

The manager is also expected to be told that the priority must be the side’s league performance and that there is no expectation or desire to succeed in the League or FA Cups.

This will come as no surprise to Newcastle fans, who have seen their side struggle in the cups over the past few seasons, including this year where they were knocked out of the FA Cup by League One side Oxford United.

In other Newcastle news, David Prutton has delivered his verdict on Newcastle’s title chances going into the final day of the season.

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