Almiron finally completed the return to his former club on Thursday afternoon, with Newcastle paying warm tributes to the Paraguay international for his six years of service.
The deal struck with Atlanta United represents good business for Newcastle, who also had interest from the Premier League in Almiron but not at the price Atlanta have paid for him to return to the United States.
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Read MoreThe i Paper understands Newcastle are highly unlikely to reinvest the Almiron money this January, instead using the fee to mitigate the need for any sales before the 30 June “soft” transfer deadline.
The sale offers Newcastle generous headroom under the PSR system.
Insiders say that will help Newcastle to rebuild their squad in the summer, when a considerable reset of the squad is anticipated.
If they qualify for Europe they will need to add numbers to the squad as well as quality in the right-wing, centre-back and forward slots that have been deemed a priority for director of football Paul Mitchell.
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Read MoreLast summer they were forced into the sales of Yankuba Minteh and Elliot Anderson – and had contemplated the sale of Anthony Gordon – in a frantic dash to comply with PSR rules before 30 June.
Almiron’s exit was officially announced on Thursday with Howe paying fulsome tribute to the winger, who scored 30 goals in 223 appearances.
Howe said: “On behalf of the club, I want to thank ‘Miggy’ for everything he has given us during our time together.
“He is a great person and we’ll miss him greatly, but this is the right move at the right time for him and his family and we wish them well.”
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