Reading have bought out Kevin Doyle's sell-on clause from Cork City.
Cork have been struggling financially of late and they have now accepted a payment from the Championship side for Doyle.
Doyle moved to Reading in 2005 for less than £100,000 but he has since gone on to establish himself as a full Republic of Ireland international and is now one of the most highly-rated strikers outside the Premier League.
He was linked with a big-money move in the summer following Reading's relegation from the top-flight, with the likes of Aston Villa and Sunderland said to be considering £6million bids.
But nothing materialised and he stayed put and has enjoyed himself in the Championship this term with 14 goals already to his name.
Now Cork have confirmed that they have accepted an offer from Reading.
"Reading welcome its excellent relationship with Cork City FC and sees this relationship continuing to prosper successfully for both clubs," said Reading director of football Nick Hammond - as the two clubs released a joint-statement on Cork's official website confirming the deal.