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The Swede arrives following some impressive business on Tyneside which has previously included Joelinton and Allan Saint-Maximin as well as Jetro Willems on loan.
According to him, the player travelled for a medical earlier in the week and he has now put pen to paper on a contract with the club.
Newcastle have confirmed that the 25-year-old has signed a four-year deal with the club. He will add to a growing list of right-backs with DeAndre Yedlin and Javi Manquillo already at St James’ Park.
On Wednesday, FFC covered the Magpies’ interest stating that it may be difficult for him to outmuscle Yedlin in particular based on statistical evidence.
Krafth has been capped 20 times by his country Sweden and was among the squad who reached the quarter-finals at the 2018 World Cup.
Newcastle have made impressive strides in the transfer market since Steve Bruce took over and their newfound willingness to spend money is a particular positive.
£5m is a snip for an international like Krafth but it remains to be seen what kind of impact he’ll have.
However, with two options already in his position, he may have to work hard to guarantee himself a place in the side. This could be healthy competition for Newcastle and Bruce.