Newcastle success in the transfer market has been down to finding young players that are playing first team football rather than bringing in youth players in the 16-18 year group where Manchester United dominate the market.
Mike Ashley's model paid dividends last season and chief scout Graham Carr has said owner will provide further funds to manager Alan Pardew for squad strengthening.
Carr was responsible for recommending Cheick Tiote, Yohan Cabaye and Papiss Demba Cisse to the club and has been rewarded with an eight year contract.
"Mike has committed himself to the club and there will be money available to buy players," Carr told BBC Newcastle.
"As we speak we are in the market for players to improve the squad."
Carr largely covers northern Europe from France and the Netherlands for the Magpies.
"We're making steady progress," he added.
"What we try to look at are players who are playing first-team football at quite a young age.
"I first saw Papiss Cisse playing for Metz, he was on a Senegalese training camp they had there but he didn't have the passport to come in.
"I saw Yohan Cabaye in the France Under-19s, I saw Tiote playing for Roda, before he went to FC Twente.
"We followed these players, they've been on the radar for a long time."