After his meeting with Newcastle chairman Chris Mort, King Kev has been promised unlimited funds next summer.
Newscastle manager Kevin Keegan met with the United chairman yesterday to map out his strategy for the January transfer window after seeing his United players for the first time to describe his vision of the future at the plush Benton complex.
A source close to the United owner told the Telegraph today that Mike has told Keegan he has a "bottomless pit" of money at his disposal as he attempts to turn the club into an exciting, attacking force capable of challenging English football's big four.
Telegraph also reveals that the Tottenham striker Jermain Defoe, Chelsea winger Shaun Wright-Phillips and fullback Wayne Bridge, Barcelona's Deco, Celtic's Scott Brown, Bayern Munich's Belgian centre-half Daniel van Buyten and Manchester United's Wes Brown are among Keegan's first transfer list in January.
King Kev has spent nearly £35 million in his first four years as Newcastle manager from 1992-1996 on the way to turning Newcastle United from "no-hopers" into a club with very few equals to Premiership. During that period, he has signed and transferred around 60 players and assembled the strongest squad in the club's history.
"I've had terrific pleasure from so many players I've brought here. I've said how much I admire Brian Kilcline and my thoughts on Andy Cole are well-known. Andy did a fantastic job here and he'll always score goals," said King Kev in an interview during his first spell at Newcastle.
"Sometimes you would analyze the way he'd played, decide that he hadn't done this or that too well and then wondered how he'd managed another hat-trick!"
Asking about his other signings throughout those years, Keegan said that getting Peter Beardsley gave him a lot of pleasure. Keegan said that you didn't need to be a clever manager to know what he could do for your team.
Before signing Beardsley, King Kev has to persuade Sir John Hall that Peter wasn't too old and was the real trick in that deal.
"I keep reminding Sir John of the job Peter is still doing. The chairman takes it very well. It was a classic case of the Board backing the manager's judgement and that is all a manager can ask," he said.
But from all these players, Keegan has singled out Robert Lee as the most influential player he has signed for Newcastle United. Since United moved him from the wide right position he held at Charlton into the center of Newcastle midfield, he's developed into the best midfield player in Britain.
"Robert has gone on raising his standards in line with the way we've raised Newcastle United's standards and I really can't speak too highly of the man." Keegan said about Rob Lee.
Now, following his second return, "The Toon Army" is waiting eagerly for his first move in the transfer market. The Geordies are waiting for another Keegan's brilliant signing just like what he did when he brought in the likes of Andy Cole, Philippe Albert, David Ginola, Keith Gillespie, David Batty, Les Ferdinand, Scott Sellars, John Beresford, Faustino Asprilla, Paul Bracewell, Barry Venison, Ruel Fox, Marc Hottiger and of course Big Alan Shearer.