Newcastle United are ready to battle Tottenham for the signing of Chelsea star Willian this summer as they plot multiple statement signings, Football Insider understands.

The attacking midfielder, 31, is set to quit the west Londoners when his contract expires after talks over an extension collapsed.

A Newcastle source has told Football Insider the club are already in contact with leading agents as they look to recruit big names 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 leading target is Willian, who is the subject of strong interest from Tottenham and his former manager Jose Mourinho.

As reported by Football Insider, the Londoners have made early moves to offer a lucrative contract to the 31-year-old before the next window as they look to make him their first recruit of the summer.

Subscribe to Football Insider TV now

Spurs’ 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 is in the process of ratifying a proposed £300million takeover of the club 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.

Willian has admitted talks with Chelsea over an extension have stalled as they have offered a two-year deal rather than the three-year contract he is seeking.

The two-times Premier League winner has an outstanding record for the club, with his 329 matches yielding 59 goals as well as 59 assists.

In other Tottenham news, it can be REVEALED that PSG are plotting a move to sign Spurs star who Mourinho doesn’t expect to play for club again.