Striker signs two year deal at Newcastle as Mick steps up replacement hunt
The 33-year-old Republic of Ireland international, in the last year of his contract at Portman Road, travelled to the north east on Saturday for a medical and the paperwork has now been completed, with the fee undisclosed.
Murphy had three loan spells at Town before signing permanently in 2013 and in total, made 225 appearances for Blues, scoring 67 goals.
“Murph has been terrific for us but I think we have been good for him as well,” Town boss Mick McCarthy told the Club website.
“I hope he goes up there and is a big success for them because he’s been a great servant for Ipswich Town. Good luck to him.
“Newcastle probably think they can get back to the Premier League so it’s a good move for him but it’s a good deal for us as well and we will reinvest the money.
“I’ve no doubt we will get someone in. I’ve been on the phone non-stop recently so we will see what happens over the next few days.”