Premier League outfit Newcastle United have broken the bank to secure the services of former Atlanta United midfielder Miguel Almiron for a club record transfer fee of 20m euros.

As well as being the highest transfer fee paid by Newcastle for any player, it is also sets a new transfer record in the Major League Soccer.

The 20m euros deal for Miguel Almiron beats the 16m euros the club paid to capture the signature of former England international Michael Owen from Real Madrid in 2005.

The Owen deal was considered a major coup for the Magpies at the time, considering the successes the former Liverpool ace had managed in his burgeoning career.

It is also worth noting that Owen was the recipient of the 2001 FIFA World Best Player following his exploits at Liverpool. He was the first Liverpool player to lift the much-coveted accolade.

Now back to Almiron, the Paraguay international has been featured in the MLS team of the season for the past two campaigns, highlighting how phenomenal he has been for Atlanta throughout his time at the club.

The 24 year old even led Atlanta United to their first ever MLS Cup triumph last season, leading the scoring charts with over 13 goals.

Almiron has now earned a move to the Premier League and will be representing Rafa Benitez’s Newcastle from now on.

Speaking to the club’s official website following the move, Almiron revealed how happy he was to have completed the move, saying that he can’t wait to meet up with his new teammates in training.

The Paraguayan also spoke highly of the Premier League, insisting that it is the best league in the world and also revealing his long term admiration for the league competition.

The fans at Tyneside will now be itching to see their record signing play for the first time and will be hoping he turns out a huge success.