Newcastle had identified Munoz as a candidate to replace Anthony Gordon, who reportedly joined Barcelona for £70 million. That plan changed when Liverpool activated Munoz’s £34 million release clause and announced the signing of the 22-year-old Spaniard.
Lee is now being considered as another option. The 25-year-old remains contracted to PSG, but he has reportedly struggled to establish himself as a consistent starter in Luis Enrique’s attacking group. Brassell believes the club could be willing to negotiate his departure during the European summer window as it looks to streamline the squad.
Lee has also been linked with Atletico Madrid. His international profile strengthened during the World Cup, when he assisted in South Korea’s 2-1 victory over the Czech Republic and completed all of his passes in the match.
Lee would offer Newcastle tactical flexibility rather than a direct replacement for Gordon. He can operate from either flank or move into midfield, while his close control, dribbling and ability to create for teammates suit a possession-based attack.
His PSG spell is the key market signal. The player has remained part of a high-level squad but has reportedly received limited continuity, making a move attractive if Newcastle can provide a clearer role. His earlier revival at Mallorca after leaving Valencia also suggests that regular starts could be important to his next step.
There is no indication that Newcastle have submitted a bid or reached an agreement. The club is reportedly evaluating Lee alongside other attacking options, while PSG’s willingness to sell will shape the possibility of a deal.
For Newcastle, the decision rests on whether Lee’s versatility can compensate for the loss of Gordon’s established Premier League output. For Lee, the appeal is straightforward: a move could provide the consistent minutes that have been difficult to secure in Paris.