Reading have missed out on rumoured target Matt Pennington, as Blackpool offically announce the defender.

Pennington- the Everton academy graduate- left Shrewsbury Town after two years and was a free agent.

According to reports, the Royals joined Plymouth Argyle and the Tangerines in targeting the 28-year-old centre-back.

However, Neil Critchley has announced he has moved to Bloomfield Road on a two-year deal.

Head Coach Critchley said:“Matthew is a player I have been aware of for a number of years and I am delighted we have beaten off significant competition from other Clubs for his signature.

“After a successful spell at Shrewsbury where he won the Players’ Player of the Season award last year, we feel we have signed an established player at this level with the potential to improve further.

“We would like to welcome Matthew to Blackpool and we look forward to working with him in the future."

READ MORE: Reading FC 'keen' on former Everton defender, reports suggest

Pennington added:“I’m really excited to be here. This seems like a brilliant place to play football, and I can’t wait to get started.

“First and foremost I’m a defender and enjoy doing that part of the game. I’m a team player and can play with the ball as well. I know a few of the lads here such as Callum Connolly and Shayne Lavery and I’m excited to see them again.

“I can’t wait to continue growing and continue learning in tangerine.”

The Royals are set to make their first signing of the summer in the coming days, picking up Harvey Knibbs on a free transfer from Cambridge United.