The New Zealand striker rose to prominence by finishing as the Championship's leading scorer with 27 goals last season and will now get his chance to shine in the top flight under Sean Dyche.
"My ambition has been to play in the Premier League for years," Wood told Clarets Player HD.
Burnley against Watford Premier League match postponed
Burnley this month sold forward Andre Gray to Watford for a fee reported to be around £18m and Wood will likely compete with Wales international Sam Vokes for the central striker role in Sean Dyche's team.
The 25-year-old target man joined Leeds from Leicester City in 2015, having also previously been at West Bromwich Albion. He scored 44 goals in 88 games for Leeds.
Although Wood was briefly part of Premier League squads at West Brom and Leicester, having helped both win promotion from the Championship, he says he is hungry for the chance to play more in the top tier.
"I’ve had tastes of being in there but I’ve never had the chance to give it a proper bash," said Wood.
Leeds' Chris Wood scores their first goal
Image credit: Reuters
"Coming here I feel I’ve got a proper opportunity to do that. I’ve never started a Premier League game and this what I want to do.
Burnley were promoted back into the top flight in 2016 and finished 16th. They beat Chelsea away on the opening day of this campaign but lost 1-0 at home to West Brom on Saturday.
Wood, who played for New Zealand in the 2010 World Cup in South Africa as an 18-year-old, has scored 20 goals in 52 appearances for the All Whites.
The deal is the fourth time that Burnley have broken their club record fee in the past year following the arrivals of Belgian Steven Defour and Irish pair Jeff Hendrick and Robbie Brady
Burnley v Leicester postponed due to Covid cases and injuries in Clarets squad
Wood admits nobody thought £25m release clause would be triggered