Newcastle United have agreed a shock loan swoop for Manchester United's young striker Giuseppe Rossi.
The Italian youth international is highly-rated at Old Trafford and had been expected to make an impact on the United first team during the coming campaign after the sale of Ruud van Nistelrooy to Real Madrid.
Indeed, Ferguson refused to allow the American-born Rossi to move to West Bromwich Albion as part of the deal that saw Tomasz Kuszczak join The Red Devils.
However, Glenn Roeder's Magpies have now managed to convince Ferguson that Rossi's interests will be best served at St James' Park in a loan move until January.
"It was a big decision for us, especially as we don't have the choice of strikers," Ferguson told United's official website.
"But this is something that Giuseppe wanted, as he needs regular first-team football.
"When he returns, he will be a more experienced player who will be able to offer us much more."
Despite signing Obafemi Martins from Internazionale, Newcastle were still keen to reinforce their attack after seeing Alan Shearer retire and Michael Owen pick up a serious injury during this summer's World Cup.
The capture of Rossi will be seen as another coup for the club who signed Damien Duff from Chelsea over the summer, and the Italian forward, who has been prolific in Ferguson's reserve ranks, will look to serve notice of his great potential at St James' Park over the coming four months.