Preston have completed the signing of striker Stephen Elliott from Wolves with North End defender Matt Hill moving in the opposite direction.
Elliott has signed a three-year deal and arrived for an undisclosed fee.
The Republic of Ireland forward told the club's official website: "I'm coming here as a striker and I'm hoping to add some goals to the team.
"I am just going to add something different to the team. I think I've got an eye for a goal."
Meanwhile Hill, 27, has joined Wanderers for an undisclosed fee after making over 100 appearances for the Deepdale side.
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