The Sun says Bruce will be given a £50million transfer war chest by owner Mike Ashley as a reward for keeping the club safe.
Arsenal ace Joe Willock is bound to be among the targets after a sensational loan deal but may cost £30m.
Newcastle are trying to sign Arsenal ace Joe Willock on a permanent deal.
Willock stood out last season at St James' Park upon his arrival from the Gunners in February.
The midfielder amassed a total of eight goals in 14 appearances across all competitions for the Magpies.
The 21-year-old has rejoined the north Londoners but Newcastle have been trying to figure out a way to land him on a permanent basis ahead of next season.