Newcastle United are again being described in Brazil as the leading favourites to sign Allan Elias, but any deal remains far from straightforward.
The 21-year-old has grown into a key figure for Palmeiras over the past year. After finishing 2025 strongly, Allan has carried that momentum into the new season.
He has already made 19 appearances in 2026, scoring four goals across all competitions. Those numbers only tell part of the story. His role in the team has become more consistent, with regular involvement in matches that matter.
That has coincided with a strong start to the season for the Brazilian side. Palmeiras secured the state championship earlier this year and now sit top of the league table. Allan has been part of that run, contributing to a squad that is once again competing on multiple fronts.
This context is central to understanding the club’s stance. Palmeiras are not dealing with a fringe player or a developing prospect on the periphery. They are managing one of their most important attacking pieces in a season where silverware is firmly within reach.
At the same time, interest from England has intensified. Newcastle are not alone. Liverpool and Manchester United are also among the clubs tracking Allan closely, with the Premier League emerging as his most likely destination.
Newcastle now seen as favourites
Against that backdrop, reports from Espírito de Porco claim Newcastle are currently viewed as the leading club in the race for Allan.
The Premier League side are said to be preparing an ‘irresistible’ package worth around €46m (£39.5m), structured with a fixed fee and performance-related bonuses.
Importantly, the report suggests Newcastle are not rushing into an immediate bid. Instead, they are waiting for the summer transfer window before making their first formal move.
That timeline fits with what has already been seen in this case. English clubs have been trying to position themselves early, including approaches to the player’s representatives.
Newcastle have also gone a step further. As previously reported in Brazil, the club sent an emissary to the country to begin contacts and assess the conditions of a potential deal.
Brazilian strategy: renew and increase value
Palmeiras are not standing still. As we covered earlier, the club are working on a new contract for Allan, with improved financial terms and a longer duration. The deal could extend his stay until 2030, while also increasing his salary and release clause.
This is a clear strategic move. By renewing the player’s contract, Palmeiras aim to strengthen their negotiating position and raise the price ahead of the next transfer window.
Recent discussions in Brazil indicate that the club are now seeking a valuation above €40m (£34.3m). Any deal at that level would likely include performance-related bonuses rather than a fully guaranteed fee.
Previous offers and market reality
The report also references previous interest from Napoli, with Palmeiras reportedly rejecting offers worth between €30m and €35m (£25.7m-£30m). However, Sport Witness sources understand that the claims around specific offers from the Italian club are not true.
Napoli’s interest in Allan has been mentioned in Brazil, but the details of bids reported elsewhere cannot be confirmed.
Zenit Saint Petersburg have also been linked with the midfielder, adding to a growing list of clubs monitoring his situation.
Our take: price, timing and leverage
Newcastle United
This update – and Sport Witness’ exclusive information from Brazil – brings more clarity to a situation that has been building for months. Newcastle are now being positioned as the frontrunners, with a clear financial plan and a defined timeline.
At the same time, Palmeiras have established a strong negotiating position. Allan is performing, the team is winning and there is no internal pressure to sell. That combination drives the price up.
If Newcastle United want to turn their status as favourites into a completed deal, the challenge is clear. They will need to meet – or exceed – a valuation that is now approaching €45m (£38.6m) guaranteed, not just in bonuses.
🇵🇹 Iván Fresneda | €80m clause fullback shining for Newcastle United to see – And Magpies are keen
📉 That figure will very much be negotiable https://t.co/C7fO6tZzKO #nufc
— Sport Witness (@Sport_Witness) March 21, 2026