By Wayne Veysey

9th Feb, 2017 | 12:08pm

Newcastle agree £1m deal for player once rated at £20m - report

By Harry Sykes

Newcastle will rake in £1million from the sale of Cheick Tiote to the Chinese league, according to a report.

The Chronicle claim the Championship leaders have agreed a seven-figure sum for the Ivorian, and the fee could rise by another £500,000 depending on performances.

Newcastle have secured the fee for the midfielder, who is 30 and was out of contract in the summer.

The club announced on their official website and social media channels on Thursday that Tiote had completed a move to Chinese second-tier side Beijing Enterprises.

The Chronicle report that Newcastle’s chances of getting a big fee for Tiote have evaporated in recent years after the player failed to match the form of his early years in a black-and-white shirt.

Click below for exclusive transfer news

Europe’s leading club, including Arsenal and Manchester United, were once linked with £20million moves for Tiote but they never materialised and the enforcer has slipped down the pecking order at St James’ Park to the point where he made just three appearances this season.

The former Ivory Coast international looked off the pace and a shadow of his former self in those appearances and it is little surprise that Rafael Benitez considered him surplus to requirements.

Tiote leaves the north-east giants after seven years and 156 appearances for the club in all competitions.

Benitez’s side are top of the Championship table with one third of the campaign remaining and well placed to secure one of the two automatic promotion spots.

They are next in action on Saturday when they travel to Wolves for a crunch league clash at Molineux.

In other Newcastle transfer news, the club have lined up an Arsenal raid for a defender after a major development.

We’ve launched an << EXCLUSIVE TRANSFER WINDOW NEWS FEED>>. ‘Like Us’ on Facebook by clicking here if you want 24/7 updates on all Newcastle transfer news