Nunez, 26, left Liverpool last summer following their Premier League title win, joining Saudi Pro League side Al-Hilal.
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The striker has struggled to adapt to life in the Middle East, scoring just nine goals in his 24 games across all competitions.
Now, according to Fichajes, Premier League duo Newcastle and Tottenham are in talks with Nunez’s representatives over a return to England.
It’s understood that following the arrival of Karim Benzema, chances under Simeone Inzaghi are expected to be few and far between for Nunez.