Newcastle United have reached an agreement with Arsenal over the transfer of midfielder Bruno Guimaraes in a deal worth up to £80 million (ESPN). The Premier League champions have agreed to pay an initial £70m, with a further £10m tied to performance-related bonuses. AdvertisementAdvertisement AdvertisementThe move is expected to be completed once the final formalities are finalised, with Guimaraes set to sign a long-term contract. Newcastle have been picked apart this summer, with Guimaraes the latest key figure on the way out of St James' Park. AdvertisementAdvertisement AdvertisementDespite missing two months of last season through injury, the Brazilian still finished as Newcastle's top Premier League goalscorer with nine goals.