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Liam Sercombe will move to Oxford United this summer after over 250 appearances for boyhood club Exeter.
Oxford have signed striker Kemar Roofe from West Brom for an undisclosed fee following his impressive loan spell at the Kassam.
Oxford have released six players but offered contracts to three, including captain Jake Wright.
Oxford left-back Joe Skarz has signed a three-year contract extension with the club.
Departing Newport manager Jimmy Dack has backed his replacement Terry Butcher to lead the south Wales side to promotion.
Burton were crowned League Two champions as Bury pipped Southend and Wycombe to the third and final automatic promotion place.
Oxford wrecked Jimmy Dack's Newport send-off with a 1-0 win at Rodney Parade on Saturday.
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