Newcastle United insist they will stick to their new transfer policy.
Club officials have outlined their plan to bring the good times back to St James’ Park, stating they will focus on developing youngsters like Sammy Ameobi, Shane Ferguson and James Tavernier.
But they have vowed the days of big cash buys, which saw the likes of David Ginola, Faustino Asprilla, Les Ferdinand and Michael Owen arrive on Tyneside, are over.
The club said: "We are pleased that the club is working towards being able to operate within the boundaries of UEFA's Financial Fair Play rules during these challenging economic times.'
"Our priority during the summer transfer window was to secure exciting young players with huge potential that add real strength to the squad.
"There are certain perceived ‘big’ clubs that have no financial constraints whatsoever.
"But for us as a club rash, short-term spending is not the answer and the days of Newcastle acquiring 'trophy' signings who command huge salaries for past successes on the pitch are over.
"Such players have generated excitement and anticipation in the past but ultimately have left the club poorer and with little to show for it in terms of our standing in the league and cup competitions.
"Our focus now is to bring in players who can develop and fulfil their potential at Newcastle. This does not however discount players of any age who feel can add experience to the squad."