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Originally From SkySports
Newcastle United have agreed a club record fee with Real Madrid for England striker Michael Owen.
The Magpies are determined to bring the former Liverpool forward to St James' Park even though he has expressed a preference for returning to Anfield.
Owen has indicated he would only join Newcastle on loan but The Magpies have agreed terms with Real, a club they are used to doing business with after selling Jonathan Woodgate to the Spanish giants.
The striker seems certain to move on from the Bernabeu this summer, following crunch talks with Real president Florentino Perez on Tuesday, and he admitted it would likely be a straight fight between Liverpool and Newcastle for his signature.
Michael Owen has agreed to join Newcastle after holding talks with The Magpies and former club Liverpool.
The Real Madrid star held discussions with Newcastle and Liverpool on Monday and he has now agreed a four-year deal at St James' Park.
Owen is currently undergoing a medical on Tyneside and he successfully comes through that he will become the club's new record signing.
The England international's future has been the subject of intense speculation all summer with Real Madrid bringing in Brazilian duo Robinho and Julio Baptista.
Owen had been worried about his international ambitions if he was not going to be playing regularly at Real and he decided that he needed to leave the Spanish club to safeguard his England place ahead of next summer's World Cup.