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Souness would not be drawn on specifics over individual players.
But he said: "All I can tell you is that the chairman has worked really hard in the last couple of months to try to do deals.
"We have said from day one we want to strengthen, and that is what we are hoping to do in the coming weeks."
Newcastle have confirmed that Chelsea full-back Celestine Babayaro will become Graeme Souness' first transfer window signing on New Year's Day.
The 26-year-old, who would have been out of contract at the end of the season, moves for an undisclosed fee.
Babayaro looks set to make his debut in the FA Cup third round against Yeading.
The left-back can also play in the Uefa Cup for the Magpies as he has not featured in Chelsea's Champions League campaign despite being on the bench.
A Newcastle spokesman confirmed: "The player will be transferred for an undisclosed fee on 1 January.