The 32-year-old has penned a two-year deal with the Foxes and moves to the King Power Stadium for an initial £5m plus £3m in add-ons.
Ayew departs Crystal Palace after making 212 appearances for the Eagles across all competitions over a six-year period, scoring 23 goals and providing 22 assists.
The Ghana international won Palace’s Player of the Season and Players’ Player of the Season awards in 2018-19, before scooping the club’s Goal of the Season prize with a memorable individual strike against West Ham United the following year.
Ayew chipped in with four goals and eight assists in 37 games for Palace last season and he made his final appearance for the club in last weekend’s 2-1 defeat to Brentford in their first match of the 2024-25 Premier League campaign.
Commenting on Ayew’s departure from Palace, chairman said: “Jordan has been outstanding and selfless in his service for Crystal Palace, both on and off the pitch, not just with his goals and assists, but his all-round play, dedication and willingness to do everything we have asked of him.
“He has provided a fantastic example to his teammates, young and old. We therefore wish him all the very best with the next chapter of his career – he will always be welcome back at Selhurst Park.”
Speaking to Leicester’s official website, Ayew said: “I’m very happy and really pleased to be here, I’m proud. It happened quickly but the most important thing for me is that I’m here and ready to start.
“In life, you always need a change and new energy. I took the decision to come to Leicester because I think it’s a big club, first of all. I want to thank the club, the manager, the CEO, the chairman, everyone, because they fought hard to bring me to this football club.
“I think it’s a big opportunity for me to show what I can do. I want to show that I can help everyone and add my little experience and quality to make the team better – hopefully it will work.”
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