By Gabriel Agbonlahor

1st Dec, 2021 | 7:30pm

Newcastle set to pay 'massive fees' after Joe Cole's '£300m' January claim - pundit

Newcastle United may be limited to just loan deals in the January transfer market but they will still have to pay “massive” loan fees, according to Gabby Agbonlahor.

Speaking exclusively to Football Insider, the ex-Aston Villa and England forward claimed players will be reluctant to sign for Newcastle if they are adrift at the bottom of the Premier League.

Eddie Howe’s side are still searching for the first Premier League win of the season after their 1-1 draw with Norwich City last night (30 November).

The manager admitted ahead of the game (29 November), via Sky Sports, he has “half an eye” on the January window.

Football Insider last week (23 November) that Newcastle are planning to only make loan signings in the winter window.

That means if they do go down they will not be stuck with big earners in the Championship.

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“Nobody is going to want to sign for you if you are so far from staying up,” Agbonlahor told Football Insider correspondent Connor Whitley.

“Players will want clauses in their contract that say if you go down, they can move for this fee.

“It’s definitely going to be a tricky January for Newcastle. They’re going to have to offer a lot of money for players.

“Loans cost money. Loans are not what they used to be where you paid a percentage of the player’s wage. You have to pay a loan fee.

“Newcastle will have to pay massive fees on loans.”

Former England star Joe Cole told Amazon Prime’s Premier League Live stream tonight (6.45pm) he expects Newcastle will pay “£300million on four or five new signings in January”.

Newcastle travel to Burnley at the weekend and if they fail to win that will make it 15 games at the beginning of the seaso without a victory.

Sheffield United hold the record for the longest winless start to the season as they went 17 games without picking up three points last season.

In other news, some Newcastle United stars will be left ‘annoyed’ by Howe’s training HQ ban.