Wolverhampton Wanderers FC

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Wolves clinch Stearman deal

25 Jun 2008 - 12:59:57

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Wolves have signed Richard Stearman for an undisclosed fee from Leicester City, having agreed a four-year contract with the young defender.

The 20-year-old England Under-21 international still had 12 months of his contract with the Foxes to run, but wanted to move on following the club's relegation to League One.

Foxes chief executive Lee Hoos told the club's official website: "Richard is an emerging talent who we were keen to hold on to.

"However, his representatives made it clear to the chairman that they were not interested in discussing new terms due to our League One status, which is very frustrating for us.

"There is no way we could allow a contract to expire and face the prospect of a tribunal, so it was in the best interests of the club to secure the deal with Wolves."

Stearman had scored 11 goals in 130 appearances for Leicester, having made his debut as a 17-year-old against Cardiff City in October 2004.