Newcastle have the wealthiest owners in the world following their £300million takeover last week.
The Magpies have since been linked to a host of top players including Niklas Sule and Philippe Coutinho, with Timo Werner now joining that list.
The Premier League club are 19th in the table, winless this season with only three points from seven games, which suggests they need significant strengthening.
TOP STORY – NEWCASTLE KEEN ON GERMAN STRIKER
Newcastle are set to splash the cash and could make a bid to sign Chelsea s German striker Timo Werner, says Bild.
The report claims Newcastle have been in regular contact with Werner s agent ahead of the January transfer window.
Werner joined Chelsea in a £47.5million deal in June last year from RB Leipzig.