“It looks like Newcastle United are to sign another player people have hardly ever heard of,” the 49-year-old former Newcastle midfielder is quoted as saying by The Chronicle.
“They seem keen to buy players from Europe with no Premier League experience in the hope they can make money selling them on later.
“Well it’s a gamble that is not working and hasn’t worked for a long time. What they need are three or four top-quality players who have already proven they can play in the Premier League."
Room for scepticism?
While Lee does have a point, the problem is that Newcastle are not in a position to sign the best players in the transfer market.
After all, the Magpies narrowly avoided relegation from the Premier League last season, and the maximum they can hope for during the 2015-16 campaign is a top-10 finish.
Moreover, Wijnaldum is actually one of the better players in the Eredivisie and helped PSV win the league title last season.
The former Feyenoord midfielder scored 14 goals and created 41 chances in 33 Eredivisie games during the 2014-15 campaign.
The 24-year-old had a pass accuracy of 84% and a shot accuracy of 54%, and won 17 headers, 63 dribbles and 26 tackles.
Other interested clubs
According to a report in The Daily Mail last month, Sunderland want to sign the 24-year-old, while Premier League rivals West Ham United, Swansea City and Southampton could also be interested (as per the same report).
A report in The Shields Gazette this morning claims that Everton are interested in the midfielder.