Accrington Stanley teenager Bobby Grant has agreed a deal to join Scunthorpe United, but the two clubs have yet to settle on a fee.
Grant is out of contract at Accrington next month and has rejected an extension in favour of a move to Scunthorpe.
However, Stanley are entitled to compensation for the 19-year-old, with the fee to be decided by a tribunal if the clubs are unable to reach a compromise.
The striker is delighted to have secured a transfer to the Championship and concedes he could not reject the chance to move to Glanford Park.
"I'm very happy to be here," Grant told the club's official website. "It's a great opportunity for me, playing in the Championship. It's what dreams are made of.
"This is a fresh start for me and hopefully I can perform now for Scunthorpe.
"I had a great season at Accrington Stanley last year, and I managed to hit a few goals.
"My agent then got in touch and told me that Scunthorpe were interested. As soon as I heard that there was only one place I was going, I couldn't turn this move down no matter what.
"I just want to get into the team and perform well at such a high stage and Scunthorpe have given me a chance to play at that level."