Hart made his Shrews debut in the Conference in 2004 (Getty)
Former Shrewsbury keeper Joe Hart's call-up to the senior England squad could earn the League Two side �500,000 to spend in the transfer market.
The deal that took Hart from Gay Meadow to Manchester City for an initial fee of �600,000 two years ago included an add-on for winning a full England cap.
"It's fantastic news for Joe and for the club," Shrews boss Paul Simpson told BBC Radio Shropshire.
"Any extra money coming in that can make this club better is good to have."
Simpson is busy chasing possible targets to strengthen the squad for the season ahead, although has pleaded for patience from the fans.
Hart, 21, is one of three goalkeepers named in the England squad for friendlies with the United States at Wembley, and then away to Trinidad and Tobago.
Before that, he is in Stuart Pearce's England Under-21 squad to face Wales on Thursday.
Hart's mother Louise told BBC Radio Shropshire: "We're really thrilled and proud of him."
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