Newcastle have dismissed reports linking David Beckham with a move to St James' Park.
Kevin Keegan replaced Sam Allardyce as Magpies manager last week and is now looking to strengthen his squad before the close of the transfer window.
A number of high-profile names have already been linked with moves to Newcastle and speculation has suggested that Beckham was one of those firmly in Keegan's sights.
The Los Angeles Galaxy midfielder has been training with Arsenal in recent weeks during the Major League Soccer off-season.
He played under Keegan for England and it was reported that Newcastle were lining up a short-term deal for him.
However, Newcastle chairman Chris Mort has rubbished the story.
"There's no truth Newcastle United are interested in signing David Beckham," Mort said.
DAVID BECKHAM L A GALAXY
Newcastle boss Kevin Keegan is keen to rekindle his 'fantastic relationship' with Alan Shearer after breaking an 18-month silence between the duo.
Shearer revealed on Saturday that he has spoken with Keegan about a role on The Magpies coaching staff.
The pair spoke briefly on Friday for the first time since Keegan agreed to take the St James' Park job for a second time.
However, Keegan has admitted that the duo's relationship diminished following a fall-out in the summer of 2006.
Keegan, who signed Shearer for £15million from Blackburn Rovers in July 1996 during his first stint as Newcastle boss, offended the former striker after he failed to attend his testimonial against Celtic.
But Keegan is ready to end the 18-month rift which has seen the once close duo rarely contact each other.
Animosity
"I would like to think there is no animosity there but if you are asking me if Alan rings me as much as he used to, then no he doesn't," he said.
"I couldn't come to Alan's testimonial as I was on a family holiday in the US and I didn't come back for it."
"Things like that, sadly, may have affected him. But it hasn't affected me and I want to talk with Alan."
"It is possibly true that it did offend him in some way. But flying all the way from America is something I would not have expected him to do for me."
"If that is the reason he doesn't ring me anymore, then that disappoints me. But I will ring him and ask him."
Honest
"I would like to think we are great friends - from the minute I met him and signed him in David Platt's farmhouse in Cheshire. We had a fantastic relationship and a very honest one."
"There is an involvement for Alan at this football club. That involvement at the moment could be on his terms."
"I know he would be a fantastic person to have around the club and help people in the art of goal-scoring and finishing - and just talking to the players."
"If he cannot be there on Saturday because he has television work then he can't even think of himself as a No.2."
"But I will probably say: 'I am here now, do you see any role for yourself?' that would be the sensible approach but Alan and I need to have that conversation."
Shearer as manager
Keegan went on to discuss whether he sees the potential appointment of Shearer as a way of grooming the 37-year-old for the manager's job on Tyneside.
"People talk about Alan being my successor and if you ask the Geordie public they will say yes to that," he continued.
"I had a conversation with Alan about management and the manager's job at Newcastle. I said to him, 'It will come for you one day, you don't have to go looking for it'."
He has passed a medical at St James' Park and has now signed a two-year contract with the option of a third season.
Newcastle United have signed Claudio Cacapa.
Brazilian defender Cacapa has spent the past few days discussing terms with The Magpies after leaving Lyon at the end of last season.
He has passed a medical at St James' Park and has now signed a two-year contract with the option of a third season.
Newcastle United are understood to be closing in on the signature of Sevilla defender Ivica Dragutinovic.
The Magpies and Manchester City have both made contact, but it is Sam Allardyce who looks like winning the race to land the imposing stopper.
Sevilla have agreed to let Dragutinovic leave and a deal close to £2.5million is set to be agreed.
Ready for move.
"This is the financial opportunity of my life and do not want to reject it," Dragutinovic said.
The Uefa Cup holders have also agreed to sign Brazilian striker Igor Siqueira Pessanha on a five-year deal.
Newcastle manager Sam Allardyce sent out the warning after unveiling Cameroon defender Geremi, as his latest defensive signing.
"Babayaro did not figure that much last year, but I want to help him compete more," Allardyce said.
"We can help him become fitter, stronger and better so he can take part more in the last year of his contract."
The Newcastle manager signed Cameroon international Geremi on a free transfer from Chelsea and Czech Republic international centre-back David Rozehnal from Paris St Germain in a bid to rebuild his defence.
However, Allardyce maintains there could still be room for the Nigerian left-back Babayaro, whose days at St James' Park had appeared to be numbered.
Allardyce said: "We will continue to move forward in the defensive areas.
"We have got few defenders at the club because I let go one or two who were out of contract.
"That has left a big hole in that area and we have got to fill it with the best quality players we can find.
"The left-back spot will be one of those positions we will fill, but obviously, Babayaro is still with us and has a chance."
Michael Owen insists he is happy to stay at Newcastle United and is ignoring rumours about his future.
The Magpies have expressed fears that the England striker could activate a buy-out clause in his contract and leave St James' Park over the summer.
Owen has been linked with a reunion with former England coach Sven Goran Eriksson, although the Swede has played down any interest.
And Owen has revealed he has not been driving the transfer speculation, and is looking forward to the season under new Magpies boss Sam Allardyce.
"I believe that these can be good times to be at Newcastle, which is why I am more than happy to be here," Owen told the Times.
"There has been plenty of speculation about my future, but I can assure the Newcastle fans that I didn't start any of it.
"There was a lot of talk from other quarters and my attitude to rumour has always been to ignore it.
"I don't really feel that I should be responding all the time to stories in the newspapers and I certainly didn't want to be forced into making comments.
"I prefer to let my actions speak for themselves and I just wish there had been more opportunities to show the Newcastle fans what I am capable of.
"I am sure that is to come this season."
Newcastle United have completed the signing of Czech Republic international defender David Rozehnal from Paris St Germain for a fee of £2.9m.
The 26-year-old has signed a four-year contract at St James' Park after agreeing terms with boss Sam Allardyce.
Rozehnal becomes Newcastle's third signing of the summer, after midfielder Joey Barton and striker Mark Viduka.
Rozehnal, who has won 34 caps for the Czechs, could cost another £200,000 depending on appearances.
Rozehnal began his career in his home country with Sigma Olomouc and twice won the Belgian title with Bruges before his move to PSG in 2005.
Newcastle boss Sam Allardyce is keen to bring in central defenders after releasing Titus Bramble, Craig Moore, Oguchi Onyewu as well as left-back Olivier Bernard.
The Magpies boss also revealed on Thursday he was hopeful of signing Cameroon midfielder Geremi from Chelsea.
Late this afternoon Joey Barton finally sealed a 5 year deal at Newcastle United.
There were ranglings about a £300,000 fee that was to be paid as compensation as Manchester City argued that Barton had deliberately ended his contract with them.
The fee, reluctantly, has been paid and now Barton is the second player to join the Big Sam rejuvenation of the St. James Park outfit.
The deal - which went through as £5.8m - sees Barton arrive at Newcastle after a torrid few months in which saw Barton in court for attacking Ousamane Dabo whilst in training with the Man City squad. Recently Barton has been under the spotlight for all the wrong reasons.
Hopefully Allardyce - who has a great reputation for taking on troubled players will straighten out the rough edges whilst keeping the skilll and commitment that deserved Barton his recent first England cap.
Great news for Sam Allardyce and Newcastle fans today which saw another of Sams targets - Tal Ben Haim - sign for Chelsea, after looking good for signing for Newcastle - it transpired that Chelsea was too good an offer for Ben Haim to refuse.
Sam was disappointed not to sign him but will now turn his attention to other targets.
It is reputed that Sam will get in a new back four as well as utilising Steven Taylor and Peter Ramage et al.
At least it is early enough for Sam to look elsewhere and, hopefully, we will not see any last minute deals go through as per the last manager Glenn Roeder.
Alan Shearer was the Legendary Striker at Newcastle United Football Club until the end of last season when he finally hung up his boots on the golden peg of retirement.
His record is outstanding and remains the top scoring striker in the Premiership. 206 goals in his 10 year career, an amazing acheivement and way ahead of anyone else (as far as I know).
I have a link here http://www.nufc.premiumtv.co.uk/page/ShearerGoal/0,,10278,00.html this will take anyone interested in his career stats at Newcastle United.
For instance - his top team he scored more goals against was Leeds United (5 at St James Park and 7 at Elland Rd).
There are lots of amazing stats on there so come on all you Shearer fans and Newcastle fans - lets live the Shearer-Era again and take a trip into the life of a Legend!!!!
