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Jermaine Jenas has said that if he were in Alexander Isak's shoes at Newcastle United, he would not be enticed by a summer transfer to Arsenal, given the two clubs are on a similar footing.
However, he acknowledges that Liverpool might prove more attractive.
Newcastle is in a solid position, with star striker Isak secured on a contract until 2028 and has no worries about contravening Profit and Sustainability Rules as it heads into the next Premier League financial cycle.
The club's circumstances could even see an upturn if an extended deal is struck following the player's return for pre-season training.
Despite this stability, speculation continues to swirl, linking Isak to potential moves to Premier League competitors, chiefly the current champions Liverpool or the close contenders Arsenal.
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There must be no way out from a financial fair play position," Jenas shared with talkSPORT.
"It's not going to be because they can't give Alexander Isak the wages that he wants and it's not gonna be because playing in the biggest competitions and so on and so forth.
Last season, among the top four finishers above Newcastle in the Premier League were powerhouses such as the Reds, the Gunners, and Manchester City.
The former midfielder weighed in: "City's not an option for starters, Arsenal and Liverpool are an option but I don't see the Arsenal jump as a massive jump forward, personally, from Newcastle currently
I think those two teams go head-to-head all year round.
"In terms of a football yes, it's a bigger football club, but in terms of the teams that they have both got currently, for him to leave Newcastle, if I was Alexander Isak this phone call needs to come in from Real Madrid, Barcelona or potentially Liverpool, currently right now.
"I don't think there are many others that would tempt me to leave Newcastle."
Newcastle United star Alexander Isak
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