Sources have indicated that the Swedish international, who has scored an impressive 17 goals in the Premier League this season, might 'force' a move away from St James' Park, with Liverpool being a favored destination.
Isak's current contract with Newcastle runs until 2028, and the club have reportedly set his valuation above 120 million pounds.
Despite this, Spanish media have suggested that Isak "wants to play in the Champions League" and if Newcastle do not achieve this, he "will force his exit and ask the club to accept lower offers," potentially opening the door for other top clubs.
Newcastle currently sit in sixth place in the Premier League, level on points with fifth-placed Manchester City, and a fifth-place finish might be enough to secure a spot in next season's Champions League.
Liverpool have reportedly been monitoring Isak's situation closely, especially with doubts surrounding Darwin Nunez's role at Anfield. A source close to the club mentioned that Isak would be "very interested in a move to Anfield should the opportunity arise." Arsenal also consider Isak a 'dream' target, but securing his transfer would be challenging due to Newcastle's high valuation.
In related news, Newcastle are keen to extend Isak's contract at the end of the season, which could indicate his commitment to the club or lack thereof if he declines to sign.
Meanwhile, Liverpool might see significant changes in their squad. There's speculation about goalkeeper Alisson potentially leaving. The Brazilian has expressed a preference for joining another elite European club over moving to Saudi Arabia.
This comes amid reports that Liverpool are set to sign Valencia's Giorgi Mamardashvili, who could challenge Alisson's position as the first-choice goalkeeper. Last summer, Alisson turned down lucrative offers to stay at Liverpool, aiming to maintain his status as Brazil's No. 1 for the 2026 World Cup.
Additionally, Liverpool have emerged as the "strongest suitors" for PSV Eindhoven's winger Johan Bakayoko. The Belgian's transfer could command a fee up to 60 million euros, with Arsenal also in the race for his signature.
This summer promises to be a pivotal one for transfers, with clubs like Newcastle, Liverpool, and Arsenal all looking to strengthen their squads for the challenges ahead.