The Magpies boss feels that his side's already-guaranteed European qualfication will be a key factor in luring players to Tyneside.
“Regardless of who we may lose, we are looking to bring in two or three players," he told reporters.
“There are two real issues here: salaries and the chances of success.
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“From a salary point of view, there are clubs we cannot compete with. But take the case of Jose Enrique at the end of last season. He probably looked at Liverpool and thought they were going to have a more successful season than us — but I don’t think that has happened.
“So if we can keep in and around the right figure salary-wise, players can’t say they won’t come because they want European football — they can get that here.
“We are no different to other clubs. If Arsenal were to finish fifth, I don’t think Robin van Persie would sign for them again.”
Pardew also explained how he sees a changing attitude from Newcastle fans towards club owner Mike Ashley, and has admitted that his achievements with the club this season - which have seen him named Barclays Manager of the Year - are the best of his coaching career.
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“I speak to the fans and I sense a bit of a warming to Mike," the former Southampton man observed.
“The [naming of the] stadium thing [from St James' Park to Sports Direct Arena], we’re never going to get round that. It’s uncomfortable for everybody, even Mike probably. We’re doing it to get more money, that’s it.
“When I finished in the top half with West Ham and reached the FA Cup final, it was pretty special.
“But I have to say that what’s happened here tops all that.”