Bhoys agree Pearson fee

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Celtic have finally agreed a fee with Motherwell for Stephen Pearson.

The Scotland international, one of the most promising performers in his homeland, is unlikely to encounter any problems in agreeing to the switch to his boyhood idols at Parkhead.

English Premiership clubs were also alerted by the midfielder's availability due to Well's financial problems, and the fact he was available for a knockdown price.

Yet the Lanarkshire outfit were reluctant to do business for a fee they described as 'derisory' when Celtic first came calling to register their interest.

The size of the transfer fee has been revealed as £350,000, as Celtic have finally won the chase for a player they were expected to snap up as soon as the transfer window opened on New Year's Day.

The formalities of the deal are expected to be wrapped up swiftly, and it proves Martin O'Neill is not prepared to rest on his laurels despite seeing his side stretch their lead at the SPL summit.

"We have very reluctantly accepted an offer of £350,000," stated Well chairman Bill Dickie.

"Initially, Celtic offered £250,000 but that was wholly unaccceptable.

"Although the offer was increased, we still feel it is substantially below the true value of the player and we were perfectly prepared to leave the matter to a tribunal.

"However, after extensive discussions with Terry Butcher, it became clear he did not have any confidence in Stephen Pearson being ready and willing to meet the challenges that will lie ahead at Fir Park until the end of the season.

"In view of that, it was agreed it was in the best interests of Motherwell to sell the player to Celtic."