Monaco have won the race to sign St Etienne's in-demand forward Frederic Piquionne.
The forward has been targeted by a clutch of sides around Europe this month, as the likes of Lyon, Paris Saint Germain, West Ham, Tottenham and Real Betis have all held more than a passing interest in the striker.
Newcastle attempted to thrash out a loan deal at the start of the week, but they have all been beaten to the punch by Monaco.
The Principality side have agreed a loan deal with Les Verts until the end of the season and have also secured an option to push through a permanent transfer in the summer.
Piquionne will be paraded before the media on Thursday morning, but his first impression of the club is positive.
"I am very happy to have signed," he noted. "There was much stress in these last hours but I have a great desire to achieve great things here."
Meanwhile, Monaco also confirmed the signing of Colombian international Juan Pablo Pino from Independiente Medellin.