Sources: How Newcastle feel about Wolves’ new asking price for Jorgen Strand Larsen after rejected £50m bid

The situation surrounding Newcastle United’s search for a new striker has taken a fascinating turn, with their interest in Wolverhampton Wanderers’ forward Jorgen Strand Larsen hitting a significant financial roadblock.

The club’s initial attempt to secure the player has been firmly rejected, and it now appears that a deal is highly unlikely unless there is a dramatic shift in strategy.

According to reliable reports, Newcastle submitted a substantial offer of around £50 million for Larsen. This bid represented a quick and impressive profit for Wolves, who only signed the player themselves this past summer for a fee believed to be in the region of £25 million.

However, Wolves have no desire or need to sell their new asset so quickly. Their response to Newcastle’s interest has been to set a staggering asking price, demanding a figure close to £70 million—an amount comparable to the club-record sum they received from Manchester United for Matheus Cunha.

From Newcastle’s perspective, this new valuation has completely changed the dynamics of any potential deal. Club sources indicate that they have very little ambition, if any, to meet that enormous asking price.

Paying what they consider to be an inflated fee for a player with limited Premier League experience does not align with their transfer model.

The feeling is that such a vast sum of money could be better spent elsewhere or used to pursue other, more proven targets who offer greater value.

This does not mean Newcastle’s striker hunt is over; far from it. The club is actively working on multiple fronts to bring in not just one, but two new forwards before the transfer window slams shut.

Their interest in Brentford’s Yoane Wissa is still very much alive, though that deal also presents its own complexities.

Furthermore, the club’s scouts have been busy assessing a wide range of alternative options from across Europe.

The list of potential targets is both long and intriguing. It includes established Premier League performers like Chelsea’s Nicolas Jackson and Aston Villa’s Ollie Watkins, though such moves would be incredibly difficult to pull off.

The club has also been offered the chance to sign Conrad Harder through intermediaries. In addition, profiles for proven goalscorers in other major leagues, such as Alexander Sorloth of Atletico Madrid and Artem Dovbyk from Roma, have been thoroughly examined. Both players are understood to be available as we head into the final, frantic days of the window.

The overarching strategy remains clear. Despite publicly insisting that their star man Alexander Isak is not for sale, Newcastle are operating behind the scenes under the assumption that they must strengthen their attack significantly.

They are preparing for all scenarios, including the possibility that a giant new bid for Isak could still arrive from Liverpool.

The need for two new strikers is urgent, both to provide competition and to future-proof the squad. While Jorgen Strand Larsen was a serious target, Wolves’ sky-high demands have effectively taken that particular option off the table for now.

Newcastle’s focus has already shifted to other, more financially sensible opportunities as they race against the clock to complete their crucial summer business.