Sky Sports estimate SC Freiburg would part with the Switzerland international for around €55m, though the Breisgau club have Manzambi under contract until 2030 and hold no release clause, meaning they are under no obligation to sell at a figure below their own valuation.
Manzambi's World Cup performances — building on what was already a strong domestic season for Freiburg — have inevitably attracted attention beyond just Newcastle United, and a bidding competition that drives the price higher cannot be ruled out as the summer window progresses.
Newcastle had already been linked with Manzambi before the tournament began as they look to reinforce their wide areas following Anthony Gordon's departure. His performances on the international stage have only sharpened that interest and raised his profile across European football.
Whether Freiburg can be persuaded to sell will depend on the level of the offer received and the player's own preference. At 20 and with a long contract, the German club are in no rush — but a significant enough bid may change that calculation.
Freiburg's track record of developing and retaining talented players before eventually allowing them to leave for significant fees gives context to the €55m estimate. The Bundesliga club have done this successfully on multiple occasions and will be confident they can manage Manzambi's exit in a way that maximises their return.
For Newcastle, landing Manzambi would represent a statement signing to replace Gordon and address a position that has been a priority since the Barcelona deal was concluded. The difficulty will be competing with other clubs who are likely to enter the race once the extent of his World Cup impact becomes fully appreciated across Europe.