Premier League clubs, including Newcastle United, West Ham, and Crystal Palace, are reportedly hesitant to meet Manchester City’s £7m loan fee demand for midfielder Kalvin Phillips and according to The Guardian, all of them are waiting for the Citizens to come back down to earth with their demands and lower that fee before making a move.
The high fee for a mid-season loan is deterring potential suitors including those aforementioned along with other high-profile European clubs such as Barcelona, Atletico Madrid, and Juventus which have shown interest in Phillips in the past few months.
Phillips, who joined Manchester City from Leeds 18 months ago, has struggled to secure a starting position in Premier League games this season and is obviously looking for an exit that provides him with even the tiniest of chances at getting some playing time.
Phillips reportedly seeks regular playing time, a condition Newcastle can fulfill given their current situation with many players banged up, Joelinton lost for the year, and Sandro Tonali still out while on his year-long ban because of illegal gambling.
The 28-year-old midfielder is under pressure to find a new club this month to enhance his chances of being included in England’s Euro 2024 squad, a team where he’s much more valued than he is by Pep Guardiola at City.
Newcastle, facing an injury crisis in midfield, is keen on Phillips. West Ham’s interest dates back to Jan. 2022 when manager David Moyes attempted to sign Phillips from Leeds.
Newcastle is considering long-term transfer strategies that allow the club to remain within the FFP constraints, and it is very wary of the financial implications any big deal could have in the organization’s accounts.
According to a recruitment source quoted by Mark Douglas of i, “The market is absolutely dead and that is making things difficult. It feels like everyone is waiting for things to change and clubs to lower demands in the final few weeks of the window.”
Newcastle’s cautious approach in the January transfer window aligns with statements from CEO Darren Eales and manager Eddie Howe, who both have warned fans the club might be forced to sell one of Bruno, Sven Botman, or Alexander Isak next summer to comply with the FFP and the PSR rules.