However, chairman Peter Coates says that money will not be thrown away on anybody, the club must be 100 per cent certain about the player before any deals are done.
Newcastle United have shown that there are bargains to be had in Europe, they have had success with the likes of Papiss Cisse, Yihan Cabaye and Chieck Tiote.
But for as many success stories there are, there is also one or two not so successful attempts to profit from the foreign market.
Speaking to The Sentinel, Coates said: "Everybody is lauding Newcastle, and they have done well. But it can be hit and miss, a bit like looking for a needle in a haystack sometimes.
“We simply want to attract players who are right for the club, wherever they are from.
“It's all about getting the right ones who can improve you within your budget."