Bolton sign Jay Spearing
Liverpool have sold midfielder Jay Spearing to Bolton for a reported fee of £1.75 million.
The 24-year-old has signed a four-year contract with the Championship club after passing a medical on Thursday.
Spearing spent last season on loan at the Reebok Stadium, winning Bolton’s Player of the Year award.
He made 55 appearances for Liverpool after graduating from the club’s academy and featured regularly under Kenny Dalglish.
However, he did not appear in a league game under Brendan Rodgers and was deemed surplus to requirements.
Blackburn attempted to sign Spearing earlier this summer, but a deal fell through after they were unable to agree personal terms with the player.
Bolton manager Dougie Freedman told the club's official website: “Jay wanted to come here and wanted to play for the Bolton Wanderers jersey. He brings qualities to the football club both on and off the field.
“He turned down a few other clubs to come here and he knows and likes the style of our management team.
“We really have to thank the board and owners on this one. The support we’ve had has been great in helping us to acquire such a fantastic young player.”
Rodgers has also sold Andy Carroll to West Ham and Jonjo Shelvey to Swansea this summer, raising almost £22 million.