NEWPORT County AFC and Peterborough United have confirmed that a fee has been agreed for the transfer of Conor Washington. Shaun Jeffers will join County as part of the deal.
County say the deal could be worth "in excess of £500,000" with add-ons and there is also a substantial sell-on clause.
A statement on the County website reads: "Newport County AFC is delighted to announce an agreement has been reached with Peterborough United for the sale of Conor Washington.
"After prolonged negotiations between both clubs a deal was reached with exciting young striker Shaun Jeffers joining the County from the Posh.
"The transfer of Washington could net the County in excess of £500,000 and with the potential of a future wind-fall as a sell on clause has also been agreed with Peterborough.
"Newport County AFC can confirm that we have beaten off stiff competition for 21-year-old Shaun Jeffers and we are delighted to welcome this exciting prospect to the club.
"6’ 1” Jeffers started his career at Coventry City making 6 appearances before joining Peterborough United after loan spells at Cheltenham Town and Cambridge United.
"The player also earned 2 England U19 caps and is highly regarded within football circles. County has also negotiated a sell on clause with Peterborough United for Shaun as we ensure that the club is always at the forefront when making decisions such as this.
"Newport County AFC wishes to place on record our thanks to Conor for his performances in an Amber shirt and wish the player all the best in the future.
"We also welcome Shaun Jeffers to the club in another exciting development for the County. The club appreciates the conduct of Peterborough United throughout our discussions."
A statement on the Peterborough website reads: "The football club can confirm an agreement has been reached with Newport County for the transfer of Conor Washington.
"Peterborough United can confirm that an agreement has been reached with Newport County for the transfer of striker Conor Washington.
"The striker will undertake a medical on Monday and discuss personal terms over the transfer.
"The club would also like to confirm that Shaun Jeffers is set to move to Newport as part of the transfer."