Newcastle United legend Alan Shearer believes Miguel Almiron will be a fans' favourite.
The Paraguay international could make his debut when Newcastle travel to Wolves on Monday.
He told Sky Sports News: "It has been a long time coming [breaking the club's transfer record]. It's what the fans have wanted and what the club has needed.
"He is at a brilliant football club, and if he can do well there he will be absolutely loved.
"Hopefully it won't take him long before he can get in the team and start showing the fans what he can do."