The Magpies could become the wealthiest club in the Premier League if the acquisition of the club goes ahead, and they are likely to spend to allow them to compete for high honors in the future.
Despite a relatively successful campaign for Liverpool last season, in which Shaqiri made 30 appearances in all competitions and played a big part in their Champions League victory, the 28-year-old did not impress this year.
He has suffered injuries and has played in only six Premier League games, and it is likely that the Reds manager Jurgen Klopp will allow him to leave in the near future.
According to the Daily Mail, Newcastle has already contacted Shaqiri officials to inquire about his interest in moving to the northeast.
It is not yet known how much Liverpool will demand from the player, but it could be available at a reduced price, especially given their deep strength in the future.
People like Roma and Sevilla were interested in signing Shaqiri on loan in January, but Liverpool were reluctant to let him go at the time given their involvement in three different competitions.
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But they are now linked to likes like Timo Werner and Jadon Sancho, and the days of the Swiss international at the club seem to be numbered.
It is not yet clear who would be Shaqiri’s manager in Newcastle if he made the switch, with the future of Steve Bruce in doubt.
Tastes of former Tottenham boss Mauricio Pochettino and former Magpies hero Rafael Benitez have been linked to the headquarters of St James’ Park, with potential new owners eager to bring a big name to make advance the team.