Rafa Benitez is plotting a double swoop on Manchester City to kick-start his £100million revamp of Newcastle United after committing his future to the club.

The Spaniard held a meeting with Mike Ashley on Wednesday to map out a plan for the new campaign and was delighted to learn that Newcastle's owner will give him 'every last penny' to ensure their return to the Premier League does not fizzle out.

Benitez has been busy lining up targets since Newcastle won the Championship on Sunday and Sportsman understands that he has held discussions with Txiki Begiristain, Manchester City's Director of Football, over moves for Brazil midfielder Fernando and Eliaquim Mangala, the France defender.

Rafa Benitez celebrates after his team secured top spot on their way to promotion

Fernando has been a peripheral figure for Pep Guardiola this season and has only made 12 appearances in the Premier League.

He has two years remaining on his current deal and with Guardiola well stocked for midfielders, City will not stand in Fernando's way if he wants to leave.

Mangala, meanwhile, is also surplus to requirements at The Etihad Stadium and has spent this season on loan in Valencia but they have not triggered their option to make his stay in Spain permanent.

There is no place for him, however, at City and they will look to recoup a significant chunk of the £42million they invested in him in 2014.

There will be an exodus of players from the Etihad Stadium this summer and Benitez is keeping his eyes on the availability of several players but Fernando and Mangala would be the most easily attainable, giving Newcastle's manager the experience he wants to inject.

Fernando has been a peripheral figure this season and has only made 12 appearances

Mangala is also surplus to requirements at and has spent this season on loan in Valencia

He is looking to bolster all areas of his squad with a striker included in his priorities and Ashley has vowed to give Benitez maximum backing to ensure their return to the Premier League does not just become a battle to keep Newcastle's head above water.

Speaking after the meeting with Benitez and Managing Director Lee Charnley, Ashley said: 'I've confirmed to Rafa and Lee that they can have every last penny that the club generates through promotion, player sales and other means in order to build for next season.'

There had been a point recently when it seemed as if Benitez's future at St James' Park was in the balance, with him insisting that he needs assurances about the Newcastle's direction. Any concerns he harboured, though, have been soothed following his discussions with Ashley.

Benitez said: 'I'm pleased with how the meeting went and the positive approach we are all taking together to build on what we have started this season.

Newcastle owner Mike Aashley will give Benitez 'every last penny' to prepare for next term

'There will be challenges ahead of course, the summer will not be easy, but the hard work has been going on for some time and we can now continue positively with the development of the squad ahead of the start of the new season. I wish fans an enjoyable summer.'

Newcastle issued a statement saying: 'Newcastle United can confirm that a meeting has taken place between the club's owner, Mike Ashley, managing director Lee Charnley, and manager Rafa Benitez.

'It was agreed by all parties that the meeting was very positive and constructive. Mike again congratulated Rafa and his team on gaining promotion to the Premier League as champions.

'Plans for next season were discussed, including the purchase and loan of players to add to the squad in readiness for the Premier League season.'