No fee was disclosed but local media reported that Derby paid an initial 5 million pounds for Lawrence, who scored 11 goals for Ipswich last season. The total value of the deal could rise to 7 million pounds, the reports said.
Leicester, who lost their Premier League opener 4-3 to Arsenal, host Brighton and Hove Albion on Saturday.
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(Writing by Simon Jennings in Bengaluru; Editing by Peter Rutherford)
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