Newcastle United failed with a late bid to sign Nicolai Jorgensen in the January transfer window, with the Magpies unwilling to pay the £20 million asking price.

Instead, Newcastle left it until as late as possible and signed the injured Islam Slimani on a loan deal until the end of the season from Leicester City.

The Algerian striker is yet to make his debut in black and white as he proves to be another Newcastle transfer failure, but would Jorgensen really have been the better signing?

Since the January transfer window closed, Newcastle have done well, even managing to score a massive three goals against Southampton last time out.

In that game, the Magpies came up against January signing Guido Carrillo, who cost the Saints £19 million from Monaco. The Argentinian is yet to get on the score-sheet, and looked worth a fraction of the price the South Coast side paid.

While Joselu has received a lot of criticism this season for his lack of goals, the Spaniard has looked a far better acquisition than Carrillo, and cost just more than a quarter of the price.

With Newcastle being quoted a similar price for Jorgensen, have we potentially avoided a very expensive bullet?

The Danish striker may have been able to do the business for the Magpies, but there was also a very good chance that he would have flopped, which would have made him a rather pricey mistake.

January transfers are always a risk, with desperate clubs paying big bucks for average players, so maybe it has worked out in our favour that Jorgensen did not arrive on Tyneside.

Sure, money does need to be spent in the summer, but what does £20 million really get you nowadays? In the summer, Newcastle must sign a real goalscorer, but it appears as though they might just get away with not splashing the cash on the Feyenoord striker.