LONDON: The Saudi-backed Newcastle United have signed German forward Nick Woltemade from Stuttgart in a club-record deal, the Premier League club said on Saturday.

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Financial details were not revealed but British media reported that the deal was worth £69 million( $93.21 million).

The 23-year-old’s deal eclipses the £63 million Newcastle paid for Sweden striker Alexander Isak three years ago when he became the club’s most expensive player.

Woltemade came through Werder Bremen’s academy and became their youngest Bundesliga debutant in 2020 at the age of 17. He joined Stuttgart last year and scored 17 goals in 33 appearances across all competitions