Anthony Elanga is poised to become Newcastle's first significant acquisition of the transfer window after the Magpies reportedly finalized a £55 million ($75 million) deal with Nottingham Forest.
The Athletic, BBC, and Sky Sports all reported on Tuesday that the Swedish international is headed to St James' Park.
Elanga was one of the standout players for Forestduring their surprising seventh-place finish in the Premier League last season, netting six goals and providing 11 assists.
Forest acquired Elanga for only £15 million from Manchester United two years prior.
Newcastlehas faced challenges in bolstering their squad in anticipation of a return to the Champions League next season.
Despite support from the Saudi sovereign wealth fund, the League Cup winners have been constrained in their spending in recent seasons due to financial sustainability regulations.