Leicester City have confirmed the agreement with Tottenham Hotspur over the signing of their academy product Oliver Skipp.

On the club's X (formerly Twitter), the Foxes released a picture of their newcomer, captioning it with: 'We have added to our midfield ranks with the transfer of Oliver Skipp.'

It is understood that Leicester's new manager, Steve Cooper, was keen to sign the player, who entered Ange Postecoglou's plans due to his homegrown status.

Mail Sport previously reported that Leicester City were set to pay a guaranteed £20million with a further £5million in add-ons for Skipp.

This deal comes as Leicester City are scheduled to host Spurs at King Power Stadium for their opening game of the 2024-25 Premier League season on Monday.

Leicester City have announced the signing of Tottenham's academy product Oliver Skipp

According to Leicester's statement, the player - who signed a contract until 2029 - will be present in the stands of the Foxes' stadium for tonight's game.

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'I'm really excited to sign,' said Skipp on the club's website. 'I've got the feeling that it's a good group of people and a good group of players.

'I'm sure that we've got a squad capable of challenging in every game. You look around the squad and there's lots of exciting players who have played in the Premier League and I'm really excited to see what this group can achieve.'

The midfielder's transfer marks the Foxes's sixth signing this season, after they secured the deals of Bobby Decordova-Reid, Michael Golding, Caleb Okoli and Abdul Fatawu, in addition to Facundo Buonanotte who joined on loan from Brighton.

Despite featuring in 21 games in the Premier League last season, Skipp was not a regular player, starting on five occasions while gaining only 694 minutes on the field in total.

Although the 23-year-old midfielder made six appearances out of seven games Spurs played during the pre-season, they were open to let their academy graduate leave.

Skipp was promoted to the first team in the 2018-19 season and made his debut against West Ham United in the Carabao Cup.

He spent the 2020-21 campaign at Norwich City, where he was included in the Championship's Team of the Year after helping his side secure a promotion to the Premier League.

Although he never played for England's senior team, he earned 24 appearances for the Under 21s squad.

Tottenham released a parting statement on X with the caption: 'Wishing you all the best for the future, Skippy!'