Newcastle United are chasing Everton pair James McCarthy and Tom Cleverley.
The Sunday Mirror says Benitez is heading back to Merseyside — to raid old rivals Everton.
Benitez, who won the Champions League as Liverpool boss, has told Toon owner Mike Ashley that the Magpies' current squad is not good enough for the Premier League, and has made overtures for a number of high-profile players including Goodison duo McCarthy and Cleverley.
Ashley is prepared to back his manager — especially as four defeats in their last eight Championship games have slowed Newcastle's promotion challenge.