While Hadlee had taken 44 Tests to reach the 200-wickets milestone, 33-year-old Wagner achieved the feat in his 46th Test (86th innings), putting him in the top 20 fastest worldwide.
Australia ended day three on 137/4 with a lead of 456 runs against New Zealand at the MCG in the Boxing Day Test.
New Zealand Cricket confirmed that Trent Boult will require around four weeks of rehabilitation.
Travis Head scored second Test century while James Pattinson and Pat Cummins grabbed a wicket each as New Zealand ended Day 2 on 44/2, trailing Australia by 423 runs at the MCG.
Mitchell Santner was taken to task by the Australian batters as he conceded 82 runs in his 20 overs and failed to even pick up a wicket.
According to a report, in decades to come, extreme heat will eventually make the yearly match which sees Australia take on a visiting nation at the MCG a thing of the past.
The ongoing Boxing Day Test between Australia and New Zealand on Thursday witnessed a record attendance at the historic Melbourne Cricket Ground (MCG) as 80,473 fans turned out for the contest.
Steve Smith and Marnus Labuschagne scored fifties as Australia posted 257/4 as record crowd attended day one of the Boxing Day Test at the MCG.
As Smith walked onto the ground, boos echoed around the MCG, thus making him angry.
Matthew Wade pulled off the Anti-Gravity Lean made famous by Michael Jackson in his hit song 'Smooth Criminal'.
Steve Smith went past former Test captain Greg Chappell's tally of 7,110 runs with a comfortable single in the 51st over, moving into 10th position.
Mitchell Swepson has played one T20I for Australia, against England last year, and was part of the Test squad for the tours of India and Bangladesh in 2017.
Steve Smith and Marnus Labuschagne have been the mainstays of the Australian team in Test cricket lately.
Pat Cummins, 26, has enjoyed a great year as he had become the second-fastest Australian paceman behind Charlie Turner to a 100 Test wickets.
Trent Boult had picked up a rib injury in a Test against England last month and could not play the first match against Australia at Perth.
Speaking on the team combination for the Boxing Day Test, Justin Langer said that a call will be taken after they have a look at the wicket at the MCG.
The visitors tried out Blundell at the top in their practise game against Victoria XI ahead of the Test and the 29-year-old didn't disappoint as he slammed an unbeaten half-century.
The hosts will look to wrap up the three-match series that begins on December 26, but Langer is not underestimating his opponents and expects them to put up a good fight.
James Pattinson last played a Test for Australia in the five-match Ashes series in England.
Australia's Bureau of Meteorology had forecast temperatures of 43 degree centigrade in the city for Friday combined with hot north-westerly winds.
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