If Newcastle want to sign Miguel Almiron, they will have to smash their transfer record.

That’s according to the Chronicle, who report that the MLS star will cost more than £20million.

The Paraguayan sounds like the exact kind of player that Newcastle need, but his price tag could make him out of their reach.

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Will Newcastle break their transfer record for Almiron?

To break the club’s transfer record, Newcastle will have to spend more than £16.8million. That’s the fee that Michael Owen cost back in 2005.

Much has been made about Newcastle’s reluctance to break their transfer record, with Mike Ashley unwilling to keep up with the rest of the pack.

While the likes of Bournemouth and Brighton are spending big bucks on reinforcements, the Magpies are scraping round the bargain bin.

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This has led to frustration for Rafa Benitez, who hasn’t been backed to do the job to the best of his ability. This upcoming transfer window is one that will likely dictate the Spaniard’s future on Tyneside.

If he his backed, then he might be convinced to sign a contract. But will he backed so much that Ashley breaks the club’s transfer record for a player who has never played outside of North or South America?

Splashing out on Almiron would be a real statement of intent. However, the price tag being mooted makes a deal seem almost impossible.

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Ever since Ashley took over the club, we haven’t seen more than £20million spent on a player. Why would he change the habit of a lifetime?

A move for Almiron could prove how much Ashley wants to keep Benitez. Can I see it happening? Not a chance.