Newcastle United will reportedly be able to spend as much as £100million in the summer transfer window and could potentially compete with Liverpool in the market. The Reds have barely made a signing since appointing Arne Slot last year, but there is an expectation they will be more active ahead of next season.

However, it appears they are not alone, with Newcastle reputedly receiving the green light from their owners, the sovereign wealth fund of Saudi Arabia - the Public Investment Fund (PIF) - to refresh their squad. They did not make a single signing during the winter transfer window, much like Liverpool. That was despite sanctioning the sale of Miguel Almiron and letting Lloyd Kelly leave on loan to Juventus.

ChronicleLive is now reporting that Newcastle will be able to spend this summer following talks with PIF governor Yasir Al-Rumayyan this week. The report, published on Wednesday morning, just hours before Newcastle play Liverpool at Anfield, says that Howe sat around the table with high profile figures from the club's Saudi-backers including Al-Rumayyan, sporting director Paul Mitchell and CEO Darren Eales this week to discuss plans moving into the summer. After raising concerns about the squad going "stale" Howe looks to have got his wish in terms of fresh investment.

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The North East club, notably, were credited with an interest in Giorgi Mamardashvili last summer but were said to have been priced out of a move. Liverpool ultimately struck a £30million deal with Valencia and will welcome the Georgia international into their squad once next season starts.

However, the Reds more often receive mentions in the same breath as Newcastle regarding their current forward players, namely Alexander Isak and Anthony Gordon. Tonight will be the first visit to Anfield for the latter since there was talk of a transfer during the European Championship.

The boost to their budget could aid their attempts to keep hold of both players this summer. Gordon signed a new contract in October, and talks over an improved deal for Isak will reportedly resume at the end of this season amid apparent interest from Arsenal, who seem set to sign a striker.

Liverpool head into tonight’s game at Anfield with a huge 11 point lead at the top of the table. Arne Slot’s side claimed a 2-0 win over Manchester City last time out, that victory coming a little over 24 hours after Arsenal were beaten by West Ham United.

Newcastle, meanwhile, arrive on Merseyside on the back of a thrilling 4-3 victory over Nottingham Forest. A win for Howe’s side, along with results elsewhere going their way, could move them into the top four.