Newcastle on Friday announced the signing of Nottingham Forest winger Anthony Elanga for a reported fee of £52 million ($70 million).
The 23-year-old Sweden international has signed a long-term deal with Eddie Howe's team, who are preparing to return to the Champions League after a fifth-placed finish last season.
The fee is worth up to £55 million, including £3 million in performance-related add-ons, reports said.
"I'm delighted to welcome Anthony to Newcastle," said Howe. "He has been a key target for us, so I'm delighted to secure him at this early part of pre-season.
Welcome to Newcastle, Anthony! ⚡️
— Newcastle United (@NUFC) July 11, 2025
We have completed the signing of winger Anthony Elanga from Nottingham Forest on a long-term deal. pic.twitter.com/AkLUEPE5Qg
"He is an exciting talent with attributes that make him a unique attacking threat. His pace, energy and ability to create and score goals will strengthen us and complement the way we want to play."
Elanga, who began his professional career at Manchester United, was one of the stars of Forest's surprise seventh-placed finish in the Premier League last season, scoring six goals and providing 11 assists.
Forest paid just £15 million to sign him from United in 2023.
"I'm excited, I'm really happy but most importantly I'm ready," he said.
"I'm ready to put on this black-and-white top to really fight for this team and give everything for the passionate fanbase that lives and breathes football.
"I had an amazing two years at Nottingham Forest, they really helped me to become the player I am today, but I'm really happy to be here now."
Newcastle have been frustrated in their attempts to strengthen their squad in preparation for a return to the Champions League.
Despite being backed by the Saudi sovereign wealth fund, the League Cup winners have been limited in what they can spend in recent seasons by financial sustainability rules.