Derby County midfielder Matt Oakley has completed his transfer to Leicester City after agreeing personal terms with the Championship outfit.
Matt Oakley signed from Southampton on a free transfer
Leicester have paid £500,000 for the 30-year-old, who captained the Rams to promotion last season.
He told BBC Radio Leicester: "It's a huge opportunity. It was something I couldn't turn down.
"I didn't expect to be leaving Derby but when they accepted a bid they were obviously looking at different things."
And Oakley thinks his new club can follow in the footsteps of Derby and reach the Premier League after he joined former Rams team-mate Steve Howard at the Walkers Stadium.
This signing is very, very important, we were lacking quality in midfield
"Leicester are a massive club and the chairman is someone who is going to take the club back to the Premier League I think," said Oakley. "We have been brought here for a bit of experience to help the young lads come on.
"The manager is a passionate person and someone I'm looking forward to working with. We need some good results to stabilise the club and we'll get going for it next year."
And Foxes chairman Milan Mandaric revealed the club had to beat off fierce competition to sign the former Southampton man.
"It wasn't easy, there was a lot of very fierce competition for him from a lot of ambitious clubs - four or five of them. I'm very happy we were able to win and bring him here," said Mandaric.
"This signing is very, very important. We were lacking quality in midfield, as far as creation goes. He brings that dimension to the team.
"They [Oakley and Howard] are players who have done it before, [I'm] desperate to get out of this league and the only way to do that is to balance and stabilise the team."
And the former Portsmouth chairman thinks it has been a successful transfer window so far for the club, despite manager Ian Holloway's recent grumbles.
"We're making very good progress. I think this is not the end, we'll keep working. As far as I'm concerned Ollie is very happy with what we have done."