Peterborough United have sold right-back Michael Smith to SPL side Hearts for a nominal fee.
The 28-year-old has agreed a two-year contract and will join his Northern Ireland international teammate Kyle Lafferty at Tynecastle.
Smith made more than 130 appearances for Posh during his time at the ABAX Stadium.
It' s a good move for Michael. I spoke to him at the end of last season and told him the way I wanted to play and I didn’t see him being the first team regular that he had been.
Michael took it on board and credit to him, he has worked hard with his agent, and got a move sorted out that I believe will be a good one for him.
It will get his career back on track and hopefully it will help his international career as well. He isn’t far from home and Hearts are a big club with a lot of tradition so I am sure Michael O’Neill will be able to get to Tynecastle and watch him regularly.
Meanwhile, Colchester United have signed former Gillingham defender Ryan Jackson on a free transfer.
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Peterborough United have signed goalkeeper Jonathan Bond on loan from Reading.
The former England under-21 international moves to the ABAX on a six-month contract.
The 24-year-old has made 14 appearances for the Royals after starting his career with Watford.
Bond was pleased to commit his future for the next six months to Posh, and said on the club's website: “I spoke to the manager Grant McCann and he was very positive about the future and I am pleased to be here. I am looking forward to getting started."
Former Peterborough United player David Oldfield has returned to the club to become manager Grant McCann's new assistant.
Oldfield has signed a two-year deal with Posh after initially carrying out the role for the final few weeks of last season.
It will be the second time that the 48-year-old has been part of Peterborough's coaching staff having previously worked there between 2008-2011.
He replaces Lee Glover who was sacked back in March.
It was a no-brainer from my point of view and I am over the moon. To have his expertise and experience around me and my staff is fantastic.
Since he joined us at the end of last season, the boys bought into his ideas. He is an excellent coach and has great experience of this league.
Peterborough have also confirmed that Mark Tyler has been appointed Goalkeeping Coach on a permanent basis, but highly-rated midfielder Jermaine Anderson has turned down the offer of a new contract.
Peterborough United striker Lee Angol has joined League Two side Mansfield Town for an undisclosed fee.
The 22-year-old has struggled for game time at Posh under manager Grant McCann and was loaned out to Lincoln City towards the end of last season.
He helped the Imps gain promotion from the National League during his spell at Sincil Bank and had attracted interest from a number of clubs.
Angol's Peterborough teammate Hayden White has also completed a permanent move to Mansfield following a successful loan stint.
Meanwhile, former Norwich City midfielder Conor McGrandles has agreed to move to MK Dons on a free transfer.
The 21-year-old has signed a two-year-deal and will be hoping to establish himself in England having struggled with injury during his time at Carrow Road.
“When I learnt MK Dons were interested, I knew that it would be a great place for me to come to," McGrandles said.
"I know the ambition the club is to get out of the league again and that was a big factor. I know the manager and the coaching staff well too so that was a big draw."
Peterborough United have announced their second signing of the summer from the non-league.
Stockport County forward Danny Lloyd has joined Posh on a free transfer after his deal at the National League North side expired.
25-year-old Lloyd scored 29 goals and registered 19 assists last season and joins Dover Athletic striker Ricky Miller in making the step up to League One.
The former AFC Flyde man has agreed a three-year deal at the ABAX Stadium.
It was an easy decision for me if I am honest. As soon as I heard about the interest from Peterborough, I wanted to sign. I am a player who likes to create and score goals, I am direct, quick and always want to go forward.
If I am honest, I wish pre-season was starting tomorrow because I am eager to get going. This is an opportunity for me and I am going to work extremely hard from day one.
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