But he spent last season on loan with League Two rivals Shrewsbury Town and was not offered a new contract by the League One side.
Peschisolido is delighted to be able to bring him to Burton: "Richard will undoubtedly add to what we have already got and he will definitely improve us.
"It is not easy to get a player of his calibre to sign but we have managed to do it and that makes it all the more pleasing."
Birmingham City forward Robin Shroot will also complete the paperwork on his season-long loan deal after agreeing to join last month.
And the Brewers have also signed former Derby County defender Paul Boertien.
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