Crystal Palace have signed Bolton Wanderers midfielder Lee Chung-yong in a deal that will see Barry Bannan move to the Reebok on loan.
Lee joined Bolton from FC Seoul in 2009 and went on to make almost 200 appearances for the English side in all competitions.
However, the attacking midfielder has now joined Palace on a long-term contract for a figure in the region of £1m.
As part of the deal, Bannan, who has struggled for regular football at Selhurst Park this season, has moved to Bolton on loan for the remainder of the 2014-15 campaign.
