Newcastle United finally confirm signing of Norwich City winger Jacob Murphy
- Credit: Paul Chesterton/Focus Images Ltd
Newcastle United have completed the signing of Jacob Murphy from Norwich City.
The fee is believed to be around £12.5m for the 22-year-old, who has already joined up with his new team-mates at their pre-season training base in Ireland.
Murphy told the Newcastle United website: 'It was a childhood dream of mine to represent Newcastle and the opportunity is now here. I can't wait to get started.'
Manager Rafa Benítez added: 'He's a young and talented player and hopefully he can develop even more here.
'We hope he can show us the passion, commitment and ability that he showed in the Championship last season.'
Newcastle initially had an £8m bid rejected last week but returned with a £10m 'take-it-or-leave-it' offer for the winger.
City sporting director Stuart Webber negotiated an extra £2.5m out of the Premier League side which will be dependent on a number of clauses. It is unknown at this stage whether City have also inserted a sell-on clause.
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Murphy was one of the few players to emerge with any credit from last season and also starred at the European Under-21 Championships with England.
Stuart Webber made it clear that savings would have to be made this summer and a decision has been made to part with one of the Canaries' prized assets.
Fans shouldn't expect City to make a big splash in the transfer market themselves as a result. City have already made seven signings this summer and the money from the sale of Murphy will clear the club's overdraft, which built up after their relegation from the Premier League.
It is understood there will be money to do more business before the window shuts but City will continue looking for bargains whilst also possibly another Premier League loan.