Newcastle have revealed that they snapped up Damien Duff from Chelsea for £5 million.

The winger was deemed surplus to requirements by Blues chief Jose Mourinho and was linked with Newcastle, Tottenham and Liverpool.

It had been widely reported that a fee of £10 million would prise him away from Stamford Bridge, but Newcastle confirmed in a statement to the Stock Exchange that they had landed a player who cost Chelsea £17 million when they signed him from Blackburn for £5 million.

"The directors of Newcastle United PLC are pleased to announce that Damien Duff passed his medical and his transfer from Chelsea has been completed for a fee of £5 million," read the statement.

"The player has agreed personal terms and signed a five-year contract ending in June 2011."

Newcastle are set to unveil Duff at a press conference at 2pm on Monday and skysports.com will provide you with all the reaction from St James' Park.

Source: Sky Sports