Newcastle United will not move for Paris Saint-Germain's Neymar this summer despite the recent speculation surrounding the Brazilian, according to a report.

Newcastle United will reportedly not move for Neymar this summer despite the recent speculation surrounding the Paris Saint-Germain attacker.

The 30-year-old has found it difficult to show his best form for the French giants this season, scoring five times and registering five assists in 21 appearances in all competitions.

PSG are believed to be ready to sell Neymar this summer, and it has been claimed that Newcastle are lining up a move for the Brazil international.

However, according to The Telegraph, the Magpies will not be moving for the forward, with the club ruling out making 'expensive superstar signings'.

The report claims that Eddie Howe's side are likely to spend less than £90m in the upcoming market despite their lucrative takeover, which has made them one of the richest teams in world football.

Barcelona have also been linked with Neymar, but the Catalan giants are also unlikely to re-sign their former player during this summer's transfer window.

The South American has managed 92 goals and 57 assists in 137 appearances for PSG in all competitions. body check tags ::

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