Crystal Palace have announced the signing of Jeffrey Schlupp from Leicester City for a reported fee of £12.5million.

The 24-year-old has agreed a four-and-a-half-year deal at Selhurst Park after completing a medical.

The Ghana international, who progressed through the Leicester youth system, made 24 league appearances last season as Claudio Ranieri's side claimed a shock title triumph.

Manager Sam Allardyce told Palace's official website: "I am delighted we have been able to secure Jeffrey's services, he is a player I have admired for some time and is a talented and athletic player.

"He will bring strength and experience to the defence and will be a major asset for the club, having just turned 24 years old."