It might not seem to be such a big deal from the outside, but for Wanderers fans, this news is huge.
Wanderers haven’t bought a player for over three years, when Neil Lennon paid a nominal fee to sign Filip Twardzik from Celtic FC.
Wanderers reportedly had a £500,000 bid rejected for Magennis in January.
So who is Josh Magennis?
Magennis spent a few years playing in the SPL with Aberdeen and Kilmarnock, though he was hardly prolific with his goalscoring.
In 2016, Charlton Athletic brought him back to England. In two seasons at The Valley, Magennis has scored 20 goals in 88 games.
Magennis has also played 38 times for Northern Ireland, scoring four goals.
Is he a goalscorer? Not really. Magennis’ plays more as a target man, bringing other players into the game and creating chances for them.
If reports are to be believed, Magennis looks set to be Wanderers’ replacement for Gary Madine.
No clue whether this ends Bolton’s interest in Charlie Wyke or Joe Garner, though it probably does.
Happy with the signing of Josh Magennis? Let us know in the comments box below.