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Newcastle United have officially completed the signing of Swedish winger Anthony Elanga from Nottingham Forest, marking a high-profile departure from the City Ground. Although the exact fee wasn’t officially disclosed, reports from Reuters and multiple outlets estimate an initial fee of around £52 million, with possible add-ons lifting the total to approximately £55 million (Nottingham Post). That makes Elanga Forest’s most significant outgoing transfer of the summer.

Elanga, now 23, enjoyed two strong Premier League seasons with Forest, contributing six goals and 11 assists in 38 league matches last season. His performance played a key role in Forest’s impressive seventh‑place finish, earning qualification to European competition (Reuters). Newcastle head coach Eddie Howe described Elanga as “pacey, energetic, a real threat in the final third,” praising his creativity and goal‑scoring instincts

The structure of the deal also benefits Manchester United, due to a sell‑on clause, meaning the club will receive around £8 million from the transfer

• Key asset sold after peak value: Elanga’s original arrival from Manchester United in 2023 cost Forest around £15 million. Selling him for reportedly £55 million just two years later represents a massive return on investment (Talksport).
• Strategic financial reinforcement: The sale bolsters Forest’s transfer kitty just before a heavy summer spree, which has already seen acquisitions of Brazilian talents Igor Jesus and Jair Cunha from Botafogo for a combined fee of close to £20 million (Wikipedia).
• Squad impact: Losing a winger with Elanga’s pace and directness is significant. He was integral to Forest’s attacking thrust and his departure leaves a void on the flanks.

Nottingham Forest hasn’t been idle. Ahead of Elanga’s exit, the club secured several optimistic signings:

• Igor Jesus, a 24‑year‑old Brazilian forward from Botafogo, signed on July 5 for around £10 million on a five‑year deal (Wikipedia, BBC). He brings strength and finishing ability to the frontline.
• On July 11, Forest confirmed the acquisition of Jair Cunha, a promising 20‑year‑old Brazilian centre‑back from Botafogo, for close to £10.4 million (Wikipedia). The defender is expected to add depth and youth to the back line.
• Earlier in June, Forest sealed a €35 million triple deal with Botafogo—landing Jesus, Cunha, and full‑back Cuiabano—to proactively reinforce their European ambitions

These moves reflect Forest’s intent to refresh their squad smartly with young, talented players ready for Premier League and European football.

This transfer window embodies a clear sell-to-reinvest model. Forest have:

• Extracted maximum value from Elanga while he still sat near his valuation peak.
• Planned an immediate reinvestment into younger assets with higher upside and potential future resale value.
• Retained financial flexibility to maintain Premier League competitiveness and support their European campaign.

That said, replacing Elanga’s output won’t be easy. Manager Nuno Espírito Santo, responsible for a seventh‑place finish last season, now faces the challenge of integrating arrivals like Jesus and Cunha, while possibly pursuing additional wingers or midfield reinforc

• Forest’s Transfers Out: Alongside Elanga, others like Lewis O’Brien and Andrew Omobamidele have moved on, indicating further squad adjustments
• Transfer Market Outlook: Forest may target more attackers or wingers to offset Elanga’s departure. Fans will be closely watching potential incoming moves.
• Elanga’s Future: Expectations are high for him at Newcastle. If his pace and flair transfer effectively, he could become key in their quest for higher Premier League finishes and European qualification.