Newcastle United are ready to join the race to sign in-demand Bournemouth winger Ryan Fraser, Football Insider understands.

The prospective Saudi Arabia-backed owners will back a massive overhaul if their £300million takeover goes through.

A Newcastle source has told Football Insider the club are already in contact with leading agents as they look to recruit proven stars who can make an instant impact.

Funds will be provided to pay the kind of wages that have been impossible during Mike Ashley’s reign.

One available target is imminent free agent Fraser, who is the subject of strong interest from Tottenham and Arsenal.

As revealed by Football Insider, Spurs are putting together a package to entice the left winger ahead of their rivals.

That pursuit could now be railroaded by a newly ambitious and cash-heavy Newcastle, who are set to have the funds to blow the world’s eighth richest club out of the water in terms of fees and wages.

The Premier League has spent weeks investigating the takeover by Amanda Staveley’s consortium, which includes Saudi’s Crown Prince, Mohammed bin Salman.

They are planning major investment in players and infrastructure that will see the club make major moves in the transfer market.

Fraser has publicly claimed he has yet to make a decision on quitting Bournemouth, where he has spent the last seven years.

But his representatives are working on finding him a new club when his Cherries contract expires at the end of the season.

In other Newcastle United news, it can be REVEALED that there is more white smoke on takeover as telling new detail reported.