Ipswich Town have "reluctantly" accepted a £750,000 bid from Portsmouth for Matt Holland.
The 29-year-old Republic of Ireland international midfielder had been linked with several Premiership clubs.
Matt Holland
Ipswich chairman David Sheepshanks told the club's website: "Most regrettably and reluctantly we have been obliged to consider the transfer opportunities for our much admired and outstanding captain Matt Holland.
"The state of the transfer market is such that while there is interest in a player of Matt's pedigree, the very best fee that we have been able to obtain is £750,000 from Portsmouth.
"This is particularly tough to digest when a year ago much higher values were being spoken of, and indeed in August 2002 we agreed a sale to Aston Villa for £4m.
Holland is currently away on international duty with the Republic but is expected to discuss personal terms with Portsmouth shortly.
More in tomorrow's Evening Gazette
Published Wednesday, June 4, 2003
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