According to sources who spoke to Football Insider, Elliot Anderson was having a medical at Nottingham Forest on Sunday morning, June 30, in preparation for a move from Newcastle.
Newcastle agreed to a bid for the 21-year-old academy graduate this month, which will allay their worries about sustainability and profit.
The deal for the midfielder will not include Anthony Elanga, despite discussions over a swap deal.
But without a trade happening, Forest managed to come to an agreement on a price to see Anderson arrive.
Newcastle has expressed interest in 22-year-old Elanga in response to Liverpool’s interest in Anthony Gordon. According to Football Insider, the Merseyside giants are currently getting ready to make another move for the England wide player.
Elliot Anderson begins Nottingham Forest medical after Newcastle accept bid
The deadline for clubs to complete any deals during the current financial year is 30 June, with the new accounting period officially beginning on 1 July.
Premier League clubs are scrambling towards the cut-off date to avoid possible breaches of financial rules with a flurry of transfer activity already underway across the division.
Anderson will now complete his move to the City Ground barring any late complications in his medical.
The midfielder joined his boyhood club aged eight and made his senior debut in 2021, making 55 appearances for the first team.
He was strongly admired by Eddie Howe, who was reluctant to see him leave, but financial concerns made the deal difficult to turn down.
Reports claim Anderson’s transfer could be worth up to £40million.
Both exits could be sealed today, securing much-needed funds for Howe’s side as they will now avoid any breaches of PSR.