Newcastle's scouting network has proved very successful in identifying players of an age and at a price that they can only enhance the balance sheet.
Mike Ashley has supported boss Alan Pardew and looking at the results last season they paid a good dividend.
Pardew says steady progress has been made in the transfer market with regard to signings on Tyneside.
The Magpies have already signed Romain Amalfitano and Gael Bigirimana this summer, and Pardew has identified other targets through his scouting network.
"We're not close, but we're making progress," he told BBC Newcastle.
"I think certainly over the next 14 days that maybe one will come in, we're looking to bring in two, maybe three."
In addition to incoming players, Newcastle are also keen to retain the bulk of the squad that achieved Europa League qualification via their Premier League finish in 2011-12.
"The most important thing is keeping hold of our good players, our great players," Pardew said, thought to be in reference to Demba Ba and Yohan Cabaye who was impressive at Euro 2012.
"We've got a very good team here, and we have aspirations to improve next year.