Norwich City have accepted a £12.5m offer from Newcastle for winger Jacob Murphy, according to John Percy of the Telegraph.

Percy claims that the two clubs have finally agreed a fee for the midfielder, following a bid that was rejected last week for Murphy.

Norwich rejected an offer in the region of £8m for Murphy, which they deemed way below his valuation.

It has been claimed that Murphy would be interested in talking to Newcastle about a potential move, with him and his brother Josh Newcastle fans growing up. This means that personal terms may be no issue in this move.

Murphy has four years left on his contract after signing a new long-term deal last season.

Premier League clubs SouthamptonCrystal Palace and Swansea are all also said to be keen, but Newcastle appear to have beaten them to the signing.