Newcastle were quoted a price of £60 million by Everton for England striker Dominic Calvert-Lewin this summer.
The Telegraph claim that the Magpies will not be going near the towering hitman at that price and they do not want to be fleeced in the transfer market.
The report says that Eddie Howe’s total budget could be £80 million, or it could be closer to the £100 million mark.
If it was the latter, Calvert-Lewin would take up 75 per cent of their entire summer kitty in one swoop.

Everton want £60 million for Calvert-Lewin
The club have decided not to go near that, on the back of a season of injury and stagnation for Calvert-Lewin.
He went to Euro 2020 as Harry Kane’s backup, but was not in the most recent squad, with Tammy Abraham now ahead of him in the pecking order.
Calvert-Lewin has a lot of work to do to get back into Gareth Southgate’s plans and it seems he will be doing it at Everton.
That is unless Everton were to lower their demands, but there is no obvious reason right now why they would do that.

Calvert-Lewin is a ‘fantastic‘ striker at his best, but it seems that Newcastle have made a wise decision here.
They do not want to get a reputation as a soft touch in the transfer market and they have proved exceptionally patient so far in terms of getting the targets they want at the right prices.
Calvert-Lewin will be hoping to get back to his very best form at Goodison Park next season, with Frank Lampard looking to avoid another relegation battle on the blue half of Merseyside.
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