 Right-back Richard Duffy, 18, is an exciting prospect |
Richard Duffy completed his move from Swansea to Portsmouth on Monday after passing a routine medical. The 18-year-old right-back has signed a four-year contract with the Premiership side after refusing Swansea's offer.
Swans chairman Huw Jenkins said they had secured a six figure sum as an initial transfer fee, which will increase depending on appearances.
"We are reasonably happy with what we've finally concluded the deal at," Jenkins told BBC Wales Sport.
"We wish Richard all the best in the future and hope he achieves as much as he can in the game."
Swansea had offered Duffy a new three-year contract with improved terms, but the lure of heading for Fratton Park to join Harry Redknapp's south coast outfit has proved too strong.
Jenkins added that the funds from the transfer will be made available to director of football Brian Flynn to sign new players.