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Portuguese press claim Newcastle are ready to meet Porto striker Luis Diaz's £67.5m release clause in January in what would be their first mega-money signing since the Saudi Arabia-backed takeover

Porto striker Luis Diaz could be one of Newcastle's first mega-money signings following their recent takeover.

That's according to SPORT TV in Portugal, who claim that the Magpies are prepared to meet the €80m (£67.5m) release clause in the Colombia international's contract in the January transfer window.

The 24-year-old Diaz has scored 11 goals in 20 games so far this season for both club and country in all competitions and Newcastle could now turn to him to ignite their campaign.

Porto striker Luis Diaz could be one of Newcastle's first mega-money signings in January
Reports in Portugal say Newcastle will meet his release clause in the next transfer window

Diaz featured against Liverpool in the Champions League for Porto in September but it was a night to forget for all concerned with the Portuguese club as Jurgen Klopp's side ran out 5-1 winners.