Sunderland have completed a deal to signed 19-year old Swedish striker David Moberg Karlsson from IFK Goteborg for a fee reportedly in the region of £1.5m.
On IFK's official website reports that the deal is subject to a medical, which he is believed to have already undertaken and the rest of the deal a mere formality.
The Swedish giants have already bid their farewell's to the left-footed striker, with Sporting Director Hakan Mild announcing;
It is obviously huge for David and IFK eyes have seen evidence of what we're doing good. That a club in one of the four major leagues in Europe choose to tie up one of our players is a testament to our business.
We really want to wish him well and welcome you back.
Karlsson is well regarded in Sweden and has been tipped for the very top. Some Swedish pundits have questioned whether or not the timing is right for him to make such a big move as at the moment he would still be considered a little raw, but with a year or so in Sunderland's development squad he could flourish into an important player.
Something which Sunderland fans might find off-putting is Karlsson's goalscoring record which doesn't make for too impressive reading, although it's worth pointing out that the vast majority of his appearances have been as a late substitute.
It's likely this is a signing made by Roberto De Fanti. The Italian has long been invested in Scandinavian football and represented many clients from the area when he was an agent. This could be his first real foray into the transfer market after the majority of deals so far seem to have Valentino Angeloni's fingerprints all over them.
We welcome David to the club, and look forward to seeing what this relative unknown has to offer.