Newcastle United have made their first official bid to sign Atletico Madrid right-back Kieran Trippier.
Talks between the two clubs have been ongoing for a few days now, with Newcastle keen to make the Englishman the first signing under the club's new ownership.
Things have taken a step further now as sources have confirmed to 90min that an official bid has landed on Atletico's desk, with Newcastle ready to splash the cash and bolster one of their most in-need positions.
Manager Eddie Howe is a huge fan of Trippier's and is prepared to offer the right-back the biggest contract in the club's history, while Newcastle are also willing to shell out a hefty sum to convince Atletico to sell.
Diego Simeone is reluctant to offload his starting right-back midway through the season, but Newcastle are keen to let their money do the talking and their proposal is significantly higher than anything suggested by Trippier's other suitors.
90min understands that Trippier is yet to be convinced about making the move to St. James' Park, with the club's perilous standing in the Premier League a significant concern, but the 31-year-old is keen to return to the English top flight.
Newcastle are hopeful of persuading Trippier to make the move, with Howe pushing hard to convince him.
The challenge for Newcastle will be fending off competition from other suitors. Atletico hope that this bid will ignite a bidding war which could end up including long-term admirers Manchester United and former employers Tottenham.
Aston Villa, Crystal Palace, Everton and Wolves are all monitoring the situation, with plenty of Premier League sides willing to give the Englishman the chance to return to his homeland.