Newcastle have been handed a blow in their pursuit of Leicester City striker Islam Slimani, with Watford now believed to be in a better position to complete the signing.
The Algerian forward joined the Foxes on a five-year deal in 2016 as a club-record acquisition and came in with huge expectations. Yet he has failed to cement himself as the club's first-choice, and is still some distance behind Jamie Vardy in the pecking order.
The Magpies were reported to have shown interest in signing the player, but the club's failed takeover may have set them back a bit, with Rafa Benitez no longer expected to receive a substantial kitty with which to bring new players in.
There are reports of Turkish side Besiktas being keen on ridding Leicester of the 29-year-old as well.