Atletico Madrid right-back Kieran Trippier has joined Premier League side Newcastle United on a permanent transfer, marking the first signing after Saudi Arabia‘s Public Investment Fund bought the team in October, making it the richest Premier League side.

Trippier was flown to Newcastle from Spain on a private jet and Trippier completed his medical with the English side to complete the transfer, which Newcastle claim cost £12m, rising to £15m with add-ons. Trippier will reportedly earn more than £100,000 a week.

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The move reunites the 31-year-old English right-back with manager Eddie Howe, who had signed him for Burnley early on in his career. Trippier’s addition could give some much needed defensive cover to Newcastle, who have struggled defensively this season and are facing the very real prospect of relegation.

Commenting on his move, Trippier told media outlets, “I’m delighted to be joining this fantastic club. I really enjoyed my time in Madrid, but when I became aware of interest from Newcastle United, and having worked with Eddie Howe before, I knew this was where I wanted to be.”

Trippier is a seasoned Premier League player, having made 145 appearances for Burnley and 69 for Tottenham Hotspur, and is expected to be introduced to first-team football at the earliest. Trippier was also contributed to Atletico Madrid’s first La Liga title win in seven years last season.

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“I’m aware there is a lot of work ahead of us but I know the demands of Premier League well and I know what an amazing club this is with very talented players. I can’t wait to get started and I’m excited to step out at St. James’ Park as a Newcastle player,” said the 31-year-old.

Trippier’s acquisition is believed to be the first of several transfers that Newcastle United are trying to complete in January. Reportedly, Howe’s side are also looking to recruit a centre-back, as well as a centre-forward as a replacement for the injured Callum Wilson. It is also believed that Newcastle are looking to secure the services of 31-year-old midfielder Aaron Ramsey from Juventus, and with Ramsey almost certainly set to depart the Italian side, Newcastle could very well complete the deal in the coming days.