Newcastle have already started planning for the January transfer window.
Having spent big money over the summer improving the first-team squad, Steve McClaren does not want to completely overhaul his side in January.
However, this does not mean that the Magpies will stay silent when the market opens, as the report claims they want to strengthen their Under-21 squad and the academy system.
It is stated that the Newcastle management team intended to bring in three development players over the summer, but they only managed to sign Ivan Toney from Northampton Town, and are keen on bolster their numbers in January.
The Toon are set to send scouts across Europe in the coming weeks ahead of the window, with the report stating that particular attention will be paid to tracking the Swiss, German and Spanish leagues.
Newcastle have found success recently by scouring foreign leagues for unknown players, with Ayoze Perez showing last season that the step up to the Premier League is possible despite playing in the Spanish Segunda Division.
He was a budget signing which has turned out to be a success, and the Magpies staff are keen to bring in similar players, although it is claimed that they are not willing to pay over the odds for a player who will likely only sit in the reserves for a number of months.