Matt Mills' move from Leicester City to Bolton set to be completed next week
Matt Mills' move to Bolton is expected to finally go through next week, despite him failing to come to an agreement with Leicester City over a financial payment.
Everything is in place for Mills to move to the Reebok Stadium on a season-long loan with a view to a permanent transfer next summer.
The switch has stalled over a payment between City and the player.
City and Mills' representatives have yet to resolve the issue but the Mercury understands the deal is still expected to go through, possibly in the middle of next week, and Bolton are poised to announce the deal.
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All parties want the deal to be finalised. City want to free up Mills' wages, believed to be around £25,000 per week, and Mills knows he has no future at the club after falling out of favour under manager Nigel Pearson.
Bolton boss Owen Coyle wants Mills to bolster his rear-guard for their bid to bounce straight back to the Premier League.
The switch, which will see Bolton pay £1million up front and a further £1m next summer to complete the deal, will bring to an end Mills' year-long stay at the King Power Stadium.
The 25-year-old was one of former boss Sven-Goran Eriksson's number one transfer targets last summer when Mills joined City from Reading in a deal which would have been worth nearly £5m, depending on promotion and appearances.
However, Mills did not feature in February and stopped training with the first team towards the end of the campaign.
A move seemed inevitable and Scottish champions Celtic were also keen on taking Mills, but City have struck a deal with Bolton instead.
Lee Peltier's £350,000 move to Leeds United is all agreed and will go through as soon as the takeover at the Yorkshire club is completed.
City will then move to strengthen their defence with Hull's James Chester top of their list of targets.
The Mercury understands City have also considered Barnsley's Jim McNulty and Derby's Jason Shackell.