The Daily Mail says Newcastle have fought off stiff competition from West Ham United to land Colback on a five-year deal.
West Ham had put together a £10 million package that would have put the 24-year-old on a £50,000-per-week package.
That represented a huge wage rise from the basic £6,000-a-week Colback was earning at Sunderland, where he has been since he was 10.
However the Newcastle fan is keen to stay in the North east and that appears to have been a huge factor,
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