Pete Graves has now dropped a Newcastle United transfer claim from the new owners.

The Lowdown: Wood confirmed

The St. James' Park faithful confirmed the signing of Chris Wood from Burnley for an undisclosed fee on Thursday morning, and he has signed a two-and-a-half year deal.

He has been registered in time for their crucial game at home against Watford in the Premier League on Saturday afternoon, and joins Kieran Trippier to be their second signing in the January transfer window so far.

Nonetheless, there promises to be more on the way, with the likes of Marcos Senesi and Benoit Badiashile recently being linked with a move to the North East and a desperate need for additions in the heart of defence - the Magpies have the second-most goals conceded in the league.

The Latest: Transfer claim from owners

As per Graves, the new owners feel as if Premier League experience will be 'key' in their battle to avoid relegation down to the Championship, and so following the signing of Wood, they may go down that route again for their other targets:

"There's a feeling amongst key members of the ownership that Premier League experience will be key in survival battle."

The Verdict: Ideal, but not vital

Of course, signing players that have past experience in the top flight is ideal, as they know what to expect and some, like Wood, may have even faced a relegation battle before.

However, you can find unknown gems from outside of the division, and they would often come cheaper, given that you would not be buying directly from one of your rivals - Feyenoord's Senesi is a prime example, valued at £10.8m by Transfermarkt.

Nonetheless, whatever strategy the new owners use, it has to be perfect if they are to give Eddie Howe a chance of keeping them up, and signing Trippier and Wood, who both have experience in the top flight, is certainly a good start.

In other news, find out who NUFC are in 'advanced talks' to sign here!