Leicester City have confirmed the signing of defender Woyo Coulibaly from Parma. The 25-year-old moves to King Power Stadium on a four-and-a-half-year deal and becomes head coach Ruud van Nistelrooy ’s second addition of the January transfer window, along with the recall of striker Tom Cannon from his loan at Stoke City.

Leicester City have signed French full-back Woyo Coulibaly from Parma for a reported fee of £3m. Coulibaly, 25, has signed a four-and-a-half-year deal after an agreement was reached with the Italian club,

The Premier League have not charged any club with breaches of Profitability and Sustainability Rules (PSR) for last season, although Leicester City remain the most at risk of further penalties.

Premier League clubs have avoided sanctions over breaching financial rules but Leicester City remain locked in battle over a previous legal dispute.

Ruud van Nistelrooy knows he needs time at Leicester - but acknowledges he does not have that luxury. The Foxes boss is "fed up" talking about positive performances without points after their 2-0 defeat by Crystal Palace on Wednesday.

A sixth successive league defeat for Leicester City was a major blow to the club, said manager Ruud van Nistelrooy after a 2-0 home loss to Crystal Palace on Wednesday kept them floundering near the foot of the Premier League.