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Newcastle and Man City have agreed on a transfer for Nico Gonzalez for £40 million plus £5 million in bonuses. The Magpies are in talks over the personal contract with the Spanish player.

Newcastle United have confirmed an agreement with Manchester City for the transfer of 24-year-old Spanish midfielder Nico Gonzalez.

The two clubs have reached a verbal agreement concerning a base fee of £40 million, with a further £5 million available through performance-related bonuses.

Currently, the Newcastle hierarchy are engaged in direct negotiations with Gonzalez's representatives regarding the personal terms of the contract.

The finalisation of the deal hinges on whether both parties can agree on the financial aspects of the agreement.