Newcastle’s £45 Million Anthony Elanga Gamble Rejected

According to David Ornstein of The Athletic, the Magpies submitted a formal bid in the region of £45 million to sign Nottingham Forest Winger Anthony Elanga. Forest instantly rejected it. They didn’t even entertain a counteroffer. They are not interested in selling the Swedish international, no matter how tempting the money might be.

Elanga was just 23 and one of Forest’s breakout stars last season. He had a stellar campaign last season at the City Ground, racking up 6 goals and 11 assists across all competitions. He played a massive part in helping the club secure European qualification for the first time in over two decades. That kind of form doesn’t go unnoticed, and Newcastle saw a player who could inject real speed, directness, and energy into their attack. But for now, Forest is standing firm. They see Elanga as a key part of their future, not a quick payday.

Why Forest Turned It Down Without Hesitation

Sure, a £45 million profit on a player they signed from Manchester United for £15 million less than a year ago would be great business on paper. But Forest’s stance is more profound than that of the balance sheets. After a strong finish to the 2024–25 campaign and a ticket into the UEFA Conference League, Forest believes they’re building something sustainable. 

Elanga’s performances last season weren’t flashes in the pan. He was central to everything good about their attacking play. His pace, ability to stretch defenses, and knack for finding space in tight areas. Forest doesn’t just value him, they believe they can build around him and Callum Hudson-Odoi, on the other wing. Sources close to the club suggest they’d only start listening if Newcastle returned with a package closer to £60 million. Even then, it’s not guaranteed they’d bite.

From Manchester Prospect To Forest Star

Anthony Elanga’s story is one of those quiet Premier League evolutions that don’t get enough credit. Born in Malmö, Sweden, he moved to England as a child and climbed the ranks at Manchester United. While he did get a run in the first team under Ralf Rangnick, the minutes dried up once Erik ten Hag took over. He would never be the first choice in a squad loaded with high-priced attackers.

When Forest came calling almost two seasons ago after he fell out of favor at United. It was the perfect escape and credit to Elanga, he grabbed the opportunity with both hands. He has had his fair share of moments here. Whether it was the solo goal to beat Manchester United or the night he tore Brighton to shreds with three assists, Elanga consistently looked like one of the most dangerous wide players outside the Premier League’s top six. He played with confidence, flair, and that raw edge you only get from players trying to prove a point. Add in 22 caps for Sweden by age 23, and it’s no wonder big clubs are circling.

Where Does Newcastle Go From Here?

Newcastle wants a right-sided forward who can immediately stretch, play, and contribute. Murphy had a great season, but he’s 30 and would slowly need to be replaced, and Elanga fits that profile perfectly. With Champions League football again at St James’s Park next season, depth is necessary. Elanga is young, Premier League-proven, and still developing. But Forest’s flat-out refusal puts the ball back in Newcastle’s court. Do they up the offer, or start looking elsewhere?

There are other names on the list. Bournemouth’s Antoine Semenyo is one potential fallback, while West Ham’s Mohammed Kudus, though likely more expensive, offers a more technical alternative. Both players have been monitored, and talks could heat up quickly if Newcastle decides Elanga’s not available.

Then there’s the Anthony Gordon situation. Rumors have been swirling about Liverpool keeping tabs on him. Newcastle’s need for a wide player becomes even more urgent if Gordon leaves. There’s also the financial angle. Newcastle is still figuring out Premier League profitability rules. Blowing £60 million on one player, even one as talented as Elanga, might not be the most brilliant move unless they’re moving someone else out.

Is Elanga Really Worth It?

Some believe £45 million was already a stretch. Elanga’s underlying stats, especially in possession-heavy games, aren’t elite, and there’s concern about whether he’d thrive in Eddie Howe’s system, which often requires more technical consistency in tight spaces.

But others see something special. A fearless winger with a ridiculous pace, a strong work ethic, and a growing understanding of the game. Pair him with Alexander Isak, his international teammate with Sweden, and there’s potential for something genuinely exciting on the right-hand side. This isn’t just about talent. It’s about fit. Newcastle are building a squad for now and for the long term. Elanga, despite his relative youth, has already proven he can make an impact at this level.

Final Thoughts

What is clear is that Newcastle is not done. Whether it isElanga or someone else, they are pushing hard to strengthen their front line this summer. As for Forest, they are not looking to sell the 23-year-old for such money, and they are not a selling club anymore. And if they are, it’ll take a premium. So while this move didn’t happen, at least not yet, it’s not the end of the story. Newcastle could come back with a second bid, Elanga could have his head turned, and Forest might reconsider if other moves fall into place.