Newcastle United have confirmed completing a deal for Georginio Wijnaldum from PSV Eindhoven.
The Dutch international became the Magpies' first summer signing and is the third most expensive player in the Tyneside club's history after Michael Owen and Alan Shearer. According to the BBC, the 24-year-old moved to the Premier League in a £14.5m ($22.5m) deal.
Wijnaldum has signed a five-year deal after making a switch to St James's Park and is also the first arrival at the club since Steve McClaren replaced John Carver in the summer.
A statement on Newcastle's official website said: "Newcastle United have completed the signing of the Netherlands international midfielder Georginio Wijnaldum from PSV Eindhoven."
"The 24-year-old moves to St James's Park on a five-year deal to become the Magpies' first signing under new head coach Steve McClaren."
Wijnaldum is delighted to have completed his switch from PSV to Newcastle. He also admitted the English club showed great interest in his services, which convinced him to join them.
"I'm delighted to be a Newcastle United player. I felt the time was right for me to move and the club have shown they really want me, so I'm very happy to be here," Wijnaldum explained.
"There are a few players here who are from Holland - I know them well and they will help me feel at home in Newcastle."
"I know the Club has a great stadium with great fans. I want to play here as soon as possible - I want to feel the atmosphere and hear the crowd. I cannot wait to get started," he added.
Meanwhile, McClaren believes Newcastle have made a point by completing the signing of Wijnaldum.
"This signing is a real statement for the club. It is a big transfer for a very good player and I am delighted to have Gini here at the Club," McClaren said.
"He has lots of energy and a great tempo to his game. He is very skilful but is also capable of playing box-to-box, and - importantly - he can score goals."
"He is at the right age and the right fit for Newcastle. He is a leader as well and you will see that. He is someone who always wants the ball, can deal with it, and we need that kind of character in the team," the Newcastle manager concluded.