Newcastle complete £14.5m signing of Georginio Wijnaldum from PSV Eindhoven

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Georginio Wijnaldum has joined Newcastle in a £14.5m deal
The 24-year-old joins the Magpies on a five-year deal from PSV Eindhoven
Wijnaldum is Steve McClaren's first signing as Newcastle head coach
McClaren believes the signing is a real statement of intent from the club
Newcastle still pursuing deal for Anderlecht striker Aleksander Mitrovic

Published: 04:58 EST, 11 July 2015 | Updated: 11:04 EST, 11 July 2015

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Georginio Wijnaldum has become the third most expensive signing in Newcastle's history after putting pen to paper on a five-year deal.

The 24-year-old joins the Magpies from PSV Eindhoven for a fee believed to be £14.5million.

Wijnaldum's arrival is Steve McClaren's first signing since becoming head coach at St James' Park.

Newcastle have completed the £14.5m signing of PSV Eindhoven midfielder Georginio Wijnaldum

The 24-year-old has signed a five-deal at St James' Park after arriving from the Dutch side

Wijnaldum holds aloft a black and white scarf as he models the new Newcastle home strip

Newcastle head coach Steve McClaren (left) believes the signing of Wijnaldum is a huge one for the club

The former Feyenoord and PSV midfielder is McClaren's first signing since taking over as head coach

Steve McClaren leads Newcastle squad in pre-season training

NEWCASTLE'S TOP THREE MOST EXPENSIVE SIGNINGS

1. Michael Owen, £16m from Real Madrid - August 2005

2. Alan Shearer, £15m from Blackburn - July 1996

3. Georginio Wijnaldum, £14.5m from PSV Eindhoven - July 2015

Speaking to Newcastle's official website the Holland international expressed his delight at the deal saying: '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.

'There's a few players here who are from Holland - I know them well and they will help me feel at home in Newcastle.'

Wijnaldum, who departs the Philips Stadion after four years at the club, was one of McClaren's top transfer targets this summer.

The former England boss closely monitored the midfielder ever since he caught his eye while playing for PSV when he was manager of Twente.

WATCH: @GWijnaldum takes a first look at St. James' Park, and likes what he sees! #WelcomeGini #NUFC pic.twitter.com/IrL2riOffc
— Newcastle United FC (@NUFC) July 11, 2015

Hi @NUFC fans, here is what you can expect of @GWijnaldum. All the best with this great player! #psv #nufc https://t.co/ciXBb99WnL
— PSV (@PSV) July 11, 2015

The Holland international is pictured with the Newcastle home strip with his name on the back of it

Newcastle head coach McClaren (left) says Wijnaldum has good physicality and tempo to his game

The 24-year-old Dutchman came up against McClaren during the manager's time in Holland

Aleksander Mitrovic's proposed move to Newcastle has stalled for the time being after interest from Porto

Highlights as PSV pay homage to captain Georginio Wijnaldum

ASHLEY SPLASHES THE CASH

The fee paid for Wijnaldum is the biggest single amount paid for a player during the eight-year reign of owner Mike Ashley.

McClaren added: '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.

'He has lots of energy and a great tempo to his game.

'He is very skillful 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.'