What's going on when the assignment statement executed at Line 4, does compiler ignore the new operator and keep the foo variable being null or something else happen to handle this awkward moment?

public class Foo {
 // creating an instance before its constructor has been invoked, suppose the "initializing"  
 // gets printed in constructor as a result of the next line, of course it will not print it
    private  Foo foo = new Foo();//Line 4

    public Foo() {
        System.out.println("initializing");
    }
}