Leicester have landed raising England Under-21 star James Maddison from Norwich City for a fee of £24m.
Maddison, 21, completed his medical on Monday before putting pen to paper on a five-year deal at the King Power Stadium.
Leicester beat Southampton and Everton, who had been linked with the former Coventry City attacker.
He becomes Claude Puel’s third signing this summer following the arrival of defenders Ricardo Pereira and Jonny Evans.
Speaking to LCFC TV, Maddison said: “I’m delighted. I’m really happy to be here. I had a good chat with the manager about football and how he wants me to play, how he likes to play and I was sold.
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“We talked about the type of player I am, how I’m going to fit into his style of play and everything sounded really promising. I haven’t looked back since that phone call.
“Leicester just seems like the right fit for me. I’ve got a good feel about the Club and I can’t ignore that, in my head and my heart. I felt like this was the right place for me to be, so I’m delighted and can’t wait to get started.”
Puel added: “James is a wonderful player who is one of the most exciting young talents in English football.
“He made a big contribution to Norwich City last season and I’m delighted that he has decided to make the step up to the Premier League with Leicester City Football Club.”
Maddison joined Norwich in February 2016 but did not make his debut until a year later after loan spells at Coventry City and Aberdeen.
He scored 15 goals in 49 games for Championship outfit Norwich last season and was included in the PFA’s Championship of the year.