Wolves have signed defender Richard Stearman from Leicester.

The Wolverhampton-born 20-year-old, who has been included in England Under-21 squads, has signed a four-year deal for an undisclosed fee.

Stearman made 44 appearances for the Foxes last season, winning the club's player of the season award, but was unable to prevent them from dropping out of the Championship.

Leicester chief executive Lee Hoos told the club's official website: "Richard is an emerging talent who we were keen to hold on to and help us in our quest for promotion from League One."

But with only a year remaining on his contract, Leicester decided to sell the player rather than risk having a fee fixed by a tribunal.