Newcastle United have officially announced their second signing of the January transfer window following the Saudi Arabia Public Investment Fund's takeover in October.
Earlier this month, Kieran Trippier became the first signing made by the club's new owners, joining in a £12 million (R253 million) deal from Atletico Madrid.
The Tyneside club have now secured Chris Wood's signature after reaching an agreement with Burnley for the New Zealand forward for a fee in the region of £25 million (R525 million), according to Sky Sports.
Wood leaves Sean Dyche’s side after a five-year spell with the Clarets that saw him score 53 goals in 165 appearances.
Chris Wood revealed his joy after securing a move to the Magpies.
"This is a very exciting opportunity for me and I'm delighted to be a Newcastle United player,” he said.
"I have played at St. James' Park a few times and it's an amazing place, so to have the chance to represent this club with those incredible supporters behind me and my team-mates is very special.
"The club and manager have been first class during this process, and I really can't wait to get onto the pitch and repay the faith they have in me, especially with a vital part of the season ahead of us."
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