Another player has graduated from the V9 academy of Leicester City ace Jamie Vardy.

The Daily Mail reports Alex Penny is signing for Peterborough in a £50,000 move from Nuneaton Town.

Penny will become the fourth player to secure a move with the help of Vardy's pioneering project, designed to open a new pathway for non-league players who want to reach the Football League.

Danny Newton and Blair Turgott have both joined Stevenage, from Tamworth and Bromley respectively, and Lemar Reynolds left Brentwood for Newport.

Penny, a tall, athletic and powerful right-back, is the first to make the jump into League One.