Promoted Premier League club Leicester City have signed Brighton striker Leonardo Ulloa for a reported fee of eight million pounds which represents a record deal for both clubs.

Leicester won the Championship last season and are back in the top flight for the first time since 2004.

Brighton finished sixth but were beaten in the promotion play-offs by Derby County.

The Argentine, who turns 28 this weekend, scored 16 goals for Brighton in all competitions last season and the fee could rise to 10 million pounds based on appearances.

Ulloa joined Brighton on a four-and-a-half-year deal from Spanish side Almeria for 2 million pounds in January 2013.

The most Leicester had previously paid for a player was 5.5 million on Ade Akinbiyi, who they bought from Wolves 14 years ago.

Brighton’s previous record sale was €1.5 million for three players, Bobby Zamora, who went to Tottenham in 2003, Adam Virgo, sold to Celtic in 2005, and Elliott Bennett, transferred to Norwich in 2011.

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