Nick Woltemade is joining Juventus on loan. The verbal agreement with Newcastle is done, the loan fee is £3.5 million, and there is no option and no obligation to buy. He will be a Juventus player on deadline day.
The numbers around it are the story. Newcastle paid Stuttgart around £69 million for him last summer, which was close to a club record. Twelve months later they are lending him out for less than the price of a squad full back and keeping every pound of his wages problem for next season, because a loan with no option is a player you expect back.
He had played 19 minutes of the league season, as a substitute in the 2-2 draw with Liverpool, and did not feature in Saturday's 2-0 win at Tottenham. Under Matthias Jaissle, in a squad rebuilt around teenagers after the sales of Sandro Tonali, Bruno Guimarães and Anthony Gordon, a 24-year-old €75 million striker had somehow become the fifth choice in his own attack.
For Juventus this is the other half of a deal they made two hours earlier. They agreed to send Jonathan David to Atlético Madrid on loan with a buy option, and the condition Newcastle's and Atlético's negotiations both waited on was Juventus finding a replacement first. Woltemade is that replacement, and he arrives on the same terms David leaves on, borrowed rather than bought.
So two clubs have swapped one problem for another on the last day of the window: Juventus turn a striker who did not work in Serie A into one who has not yet worked in England, and Newcastle turn a £69 million asset into £3.5 million of loan income and a question for January.
The window shuts at 11pm on Tuesday.