Newcastle in talks to sign ex-Man United star in proposed swap deal with Premier League club... as Magpies work towards raising cash to meet financial rules

Newcastle United are in talks with Nottingham Forest over a potential deal for winger Anthony Elanga that could see Elliot Anderson go in the opposite direction.

The proposal is one of many Newcastle are juggling as they, and other clubs, work towards raising revenue to meet PSR guidelines by Sunday's June 30 accounting deadline.

Elanga only joined Forest a year ago from Manchester United for £15million and was on Newcastle's scouting radar prior to his move from Old Trafford.

He has been a success at the City Ground scoring five goals in 39 appearances and Newcastle believe the skilful 22-year old Sweden international can be an ideal addition to their squad.

Newcastle midfielder Anderson is homegrown so his sale would be a greater boost for the club’s accounts in PSR terms as he is viewed as clear profit.

The 21-year old was understood to be one of the names offered in a discussion regarding Wolves defender Max Kilman last week but Forest are now keen to add the Scotland U21 international to their ranks and talks are taking place.

Forest expect to sell Moussa Niakhate to Lyon for around £20m while Juventus and Chelsea have asked about Brazilian centre back Murillo.

Forest have their own PSR concerns while Chelsea have also made renewed checks on Newcastle's asking price for striker Alexander Isak, mindful of what business needs to be done by this weekend.