Leicester City have completed the signing of goalkeeper Danny Ward from Liverpool, the Premier League clubs announced on Friday.
Sources told ESPN FC that Liverpool will receive a transfer fee of £12.5 million and retain a 20 percent sell-on fee should Ward leave the Foxes in the future.
Ward, a Wales international, signed a four-year contract and joins fellow goalkeepers Kasper Schmeichel and Eldin Jakupovic on the books at the King Power Stadium.
"I'm delighted to be here and I'm really looking forward to the future with this football club," Ward said in a statement. "I've come here to develop my all-round game and hopefully help deliver some more success. The club has had that in recent years and hopefully there's more to come in the future."
Liverpool were prepared to let Ward depart this summer after completing a world-record move for Roma's Alisson on Thursday.
Ward, who joined from Wrexham in January 2012, has only made three first-team appearances for Liverpool, playing as third choice to Karius and Simon Mignolet last season.
#lcfc have agreed terms with Liverpool for the transfer of goalkeeper Danny Ward