The teenager joins from Exeter City on a four-and-a-half year deal.
Swansea City FC (@SwansOfficial) January 2, 2015
Swansea City have failed to waste time in their pursuit of new players this winter, after finalising a deal for talented midfielder Matt Grimes from Exeter City.
The undisclosed fee is believed to be in the region of £1.75 million, a record fee received for a player by Exeter, and sees Swansea snap up a player considered one of England's top young talents.
The England under-20 international is a cultured midfield dynamo who has been compared by some to former Tottenham Hotspur legend Glenn Hoddle.
It is Swansea's second signing of the Transfer Window following a loan agreement for Nelson Oliveira.
Speaking about the move Grimes told the official Swansea website:
“I’m glad it’s done – I’m delighted. I seem to have been waiting a long time for this day to finally arrive. We’ve been talking about it for well over a month and, if I’m honest, it’s been really stressful waiting for the move to be finalised; agonising at times.
“It’s a sad day to leave Exeter because I’ve been with the club from the age of 10. They’ve been fantastic to me and I can only thank them for their help. It’s a great club with good people and supporters. But I’m moving on to bigger and better things and I hope it’s the start of another successful chapter in my career."
And he struggled to hold back a beaming smile as he posed with his new shirt for the first time earlier today.