The matter had been set to go to a tribunal because of the Canada Under-21 international's age.
Edgar has made only one appearance for the Clarets so far, against Hartlepool in the Carling Cup.
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Big spending Manchester United are looking to bring in Lazio duo Felipe Anderson and Stefan De Vrij for a combined fee of £42.
Reports suggest that Manchester United target, Pedro has informed close friends and family that he will be joining the Red Devils this summer.
Manchester United have confirmed that the Barnsley midfielder Paul Digby is at Old Trafford for a trial ahead of a possible permanent deal.
With Filipe Luis' move back to Atletico Madrid finally done and dusted, a deal for his replacement is also being finalised.
Premier League winners Chelsea are moving towards signing Brazilian left-back Alex Telles, currently of Galatasaray, according to reports on Tuesday.
With their second straight FA Cup silverware firming planted in the trophy case, does Arsenal have what it takes to