London, Aug. 8 -- Arsenal have confirmed the signing of Bruno Guimaraes from Newcastle United for a reported fixed fee of Euro 75 million, according to ESPN.

Guimaraes has signed a four-year contract with Arsenal, with an option to extend his stay for another season, according to sources cited by ESPN.

Speaking after completing the move, Guimaraes said he was excited by the opportunity and described joining Arsenal as a new challenge in his career.

"I feel good, I feel amazing. I'm glad for the opportunity. Since the first time I spoke to [Andrea] Berta and Mikel [Arteta], I was excited. I just felt inside of me that I need a new challenge in my life and I think to be an Arsenal player is going to be an exciting challenge in my life," ...