JACK Stacey has completed his move from Luton to Cherries for an undisclosed fee believed to be in the region of £4million.

The defender, 23, joined the Hatters from Reading in 2017 and helped them to back-to-back promotions up into the Championship.

The Daily Echo understands that Cherries had one bid rejected for the right-back before the offer of around £4million was accepted.

Stacey agreed personal terms and completed a medical earlier today and has signed a four-year contract.

He told afcbTV: "I'm very happy to be here.

"There were a few clubs interested but Bournemouth was always the one I saw myself at.

"This is a great club with a fantastic manager who helps establish young players, so that made it an easy decision in the end.

"I believe I can thrive here and I can't wait to get started."

The Ascot-born talent becomes the club’s second signing of the summer following the £13million arrival of Lloyd Kelly from Bristol City.

He featured in 50 games for Luton in all competitions in 2018-19, scoring four goals and providing eight assists in the third tier.

Celtic were also reportedly interested in the right-back, who had just one year remaining on his contract at Kenilworth Road.

Versatile Stacey spent much of his early career playing as a winger, but has featured mainly in defence in recent years.

And his performances last season were rewarded by being named Luton player of the year.

Cherries chief executive Neill Blake said: “Jack is a talented player and someone we have been tracking for a while, so I am delighted that we have been able to get this deal done.

“We have spent the last few years building an exciting squad and this is another young, homegrown player with huge potential to add to that.

“I am looking forward to watching Jack’s development under our manager, Eddie Howe, and his coaching staff.”

Stacey's signing was announced alongside the unveiling of the club's green third kit for the 2019-20 season.