Crystal Palace have completed the signing of striker Jorgen Strand Larsen from Wolves for a club record fee of a reported £48m.

The 25-year-old was wanted by Newcastle last summer but signed a new contract before again courting interest this winter.

He was widely expected to replace Jean-Philippe Mateta, but he will now play alongside him after the Frenchman’s move to AC Milan fell through.

Strand Larsen has signed a four-and-a-half year deal, while Palace could also sign Everton midfielder Dwight McNeil.

Strand Larsen scored 14 goals for Wolves in the 2024-25 campaign to help steer them clear of relegation concerns and will aim to do the same at Palace, who are without a win in 12 matches in all competitions.

Palace chairman Steve Parish said: “We’re delighted that Jorgen has chosen to continue his impressive journey with us and look forward to seeing him in action at Selhurst Park.

“I’m sure he will prove himself a valuable asset for years to come.”

Strand Larsen, 25, added: “I’m really excited to come to Crystal Palace. It’s been something I’ve wanted to do for a long time now.

“I’m here to bring energy and goals, and to try to do my best for the club.”