Newcastle's new owners are lining up Porto sensation Luis Diaz as their first signing.

Sport TV in Portugal reports the Magpies are prepared to meet the €80m (£67.5m) release clause in the Colombia international's contract in the January transfer window.

The 24-year-old Diaz has scored 11 goals in 20 games so far this season for both club and country in all competitions and Newcastle could now turn to him to ignite their campaign.

Diaz featured against Liverpool in the Champions League for Porto in September but it was a night to forget for all concerned with the Portuguese club as Jurgen Klopp's side ran out 5-1 winners.

At present, Newcastle are managerless after sacking Steve Bruce in the week and sit 19th in the Premier League table.