Saints are pleased to announce that they have reached an agreement with Glasgow Rangers over the transfer of Steven Davis.
The midfielder originally agreed to join Saints earlier this month following the well-publicised issues surrounding the Scottish giants.
Since then both clubs have been in discussions to reach an amicable solution that would avoid the need the player's international transfer clearance to be agreed at a FIFA tribunal.
Saints' Executive Chairman Nicola Cortese has now reached a favourable agreement with Rangers that is in the best and fairest interests of all three parties.
This negates any possible delay in the transfer proceedings and sees Davis' registration transferred to Southampton with immediate effect.
As part of this alteration to the transfer, Davis' contract with the Club will now run until 2016.
The Northern Ireland captain has been training with Saints since agreeing to move to St Mary's on 6th July.
He is currently in Évian-les-Bains with the rest of the First Team squad for their pre-season training camp, and is close to a return to full fitness after a minor injury.
"I'm delighted to get everything sorted," said Davis.
"There was an element of uncertainty at how long it would take to get the transfer papers through, so I have to give credit to the Executive Chairman Nicola Cortese for wanting to get it done and removing the need for things to drag on any longer.
"This is good news for all parties, and now we can all move forward."