Sheffield Wednesday are upping their price to release manager Steve Bruce to Newcastle United.

The St James' Park club have been in talks with Bruce for 24 hours as they look to replace Rafa Benitez with the 58-year-old, says Sky Sports.

Newcastle had hoped to appoint Bruce with a compensation payment of around £1m, but Wednesday owner Dejphon Chansiri is holding out for significantly more than that - per Bruce's rolling contract.

The total figure would also include Bruce's assistants Steve Agnew and Stephen Clemence.

Bruce wants to take over the club he grew up supporting.

The Newcastle squad travel to China for the Asia Cup tomorrow, with caretakers Ben Dawson and Neil Redfearn in charge.