James Wesolowski has joined League One side Peterborough United on a two year deal, signing for an undisclosed fee.
Wesolowski, 22, spent the 2009/10 season on loan at SPL side Hamilton Academicals making 30 appearances and scoring four goals.
The Australian born star was a product of the Foxes' Academy system, and looked set to feature from the start of the 2005/06 season, before suffering a broken leg in a pre-season friendly against Celtic.
Wesolowski made his Foxes debut in January 2006 in a 2-1 defeat against Cardiff, but only made five appearances before breaking the same leg against Brighton, in only his third start for the club.
Wesolowski was part of the City side that was relegated in 2008 and struggled to make an impression under new boss Nigel Pearson.
The midfielder was then sent out on loan to Cheltenham Town, where he suffered a broken ankle, and Dundee United, before moving to the Accies at the start of the last campaign.
Peterborough were promoted alongside Leicester to the Championship in 2009, but found life in England's second tier and were relegated straight back to League One, finishing bottom of the league.
Under the stewardship of new manager Gary Johnson, Wesolowski is hoping to help the Posh to a second promotion in three years.
"My goal is to help Peterborough achieve promotion and I believe we can do that. The manager was a big part of my decision to come here, he has great experience and I can't wait to play for him."