United to miss out on former Gunners ace

Newcastle United have reportedly missed out on the signing of Atletico Madrid striker Jose Antonio Reyes. The former Arsenal ace had been targeted by Magpies boss Kevin Keegan but it now appears as though French side AS Monaco have beaten the Premier League side in the race to sign Reyes.

The Spanish international is likely to complete a £5.5 million move to Monaco within the next few days. The 24-year old has only been at Atletico for just over a year now but he recently admitted he may leave the La Liga club this summer. Reyes apparently rejected personal terms at St James' Park.

Reyes would of been a decent signing for Newcastle but I feel they can do better. Keegan really needs to start splashing the cash or he could find his side having another mediocre season. I personally thought Reyes was worth a bit more than £5.5 million, so Monaco are getting a bit of a bargain.