Hamburg have beaten Newcastle United to the signing of Hertha Berlin striker Pierre-Michel Lasogga.
The 22-year-old, who is already being tipped as the long-term successor to Germany striker Miroslav Klose has signed a five year contract for a region of €8.5 million.
This comes after the former Germany U21 had a successful medical at the Hamburg University Hospital on Wednesday afternoon.
Hamburg and Premier League side Newcastle were reportedly in a tug of war over acquiring the services of the highly regarded striker who had scored 24 goals in 70 appearances for Hertha Berlin during a three year spell between 2010-2013.
With Newcastle looking to buffer their front-line following the departure of loanee Loic Remy and the imminent sale of out of form striker Papiss Cisse, the 22 year old was on the top of manager Alan Pardew’s summer-signing list.
Less than two weeks ago Newcastle were in the lead to sign their number one transfer target, but it is understood that he turned down a potential move, opting to continue his development within the Bundesliga.
He spent the entirety of last season on loan at Hamburg, in order to gain valuable playing time after sustaining a severe knee injury on the final match day of the 2011-13 Bundesliga campaign which kept him out of action for the best part of nine months.
He managed to score an impressive 15 goals in just 24 appearances for the Imtech Arena outfit during a season where Hamburg flirted with relegation to the second Bundesliga.
The 22-year-old also scored a crucial goal away against second division side, Greuther Furth, in a two-legged relegation play-off tie which ensured that Hamburg were not relegated from the Bundesliga for the first time in their history.
At this moment in time, despite the deal being done, it is feared that the cash-strapped club will have to borrow money from both internal and external sources.
It looks like the club will once again turn to investor Klaus-Michael Kϋhne who two years ago provided the three times Bundesliga champions with £8 million in order to finance a move for Rafael van der Vaart, to offer the money.
Without investment, another option would be to sell star midfielder Hakan Calhanoglu to Bundesliga rivals, Bayer Leverkusen, with the 20 year old desperate on a move away from the club.
However, the Turkish international is currently under house arrest having been diagnosed as physically sick in the past three weeks, with a possible date to full training currently unknown.
Write for GiveMeSport! Sign-up to the GMS Writing Academy here: http://gms.to/1a2u3KU
DISCLAIMER: This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of GiveMeSport.com or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. GiveMeSport.com and SportsNewMedia do not take any responsibility for the content of its contributors.