Newcastle United has reportedly abandoned negotiations for a loan deal with Manchester City midfielder Kalvin Phillips in the January transfer window. Despite extensive talks, Newcastle finds the financial terms demanded by City to be prohibitive, leading to the Magpies stepping back from the potential agreement.
City’s insistence on a substantial fee for the loan, coupled with Newcastle’s reluctance to commit to an outright purchase obligation, has halted the deal. The Magpies assert that the current terms do not align with their financial strategy.
Phillips, who has struggled to secure regular playtime at the Etihad Stadium this season, awaits a resolution. While Juventus has also shown interest, an agreement with City remains elusive for the 28-year-old midfielder.
With 31 appearances for City since joining in 2022, Phillips hopes for a move to reignite his career. His future hinges on City altering their demands or reaching an agreement with interested clubs like Newcastle or Juventus.
