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Sir Alex Ferguson is sending Ritchie De Laet and Matty James to Leicester in a £2million double deal.

Manchester United boss Ferguson agreed a fee with the Foxes for defender De Laet and ­midfielder James on Friday evening.

Belgium international De Laet, 23, has only started three Premier League games for United and half of his transfer fee will go to old club Stoke.

James, 20, has been with United’s Academy since he was a teenager but leaves without making a single first-team appearance.

Leicester boss Nigel ­Pearson is determined to revamp his squad this ­summer and is targeting Hull City defender James Chester and Fleetwood striker Jamie Vardy.

Pearson is also prepared to offload a string of Sven Goran Eriksson signings, with Matt Mills, Jermaine Beckford, Paul Konchesky and Lee Peltier all poised to be casualties.