Leicester City net goalkeeper Chris Weale
Weale's arrival at the Walkers Stadium on a pre-contract agreement comes just a week after City secured the services of Hearts skipper Robbie Neilson.
Pearson said: "Chris is a player who we have monitored and has been on our wish-list for quite a while now.
"He has had limited opportunities at Bristol City and, following a successful loan period at Yeovil, we are delighted to secure his services. He is desperate to succeed here at Leicester and we believe he has the ability and the mental strength to do just that."
Weale, 27, has been restricted to just 10 starts since arriving at Ashton Gate in 2006.
He had previously spent five years at Yeovil and was back at the Glovers last season after first-choice keeper Josh Wagenaar was sent off in a League One game against Brighton.
During the loan period,Weale headed in a late equaliser to earn Yeovil a 2-2 draw at home to Hereford with his strike winning Sky Sports' 'Goal of the Week' and beating the likes of Robinho and Fernando Torres.
Weale made his League debut as a Yeovil player – it is also his home-town club – in October 2000 and made 160 appearances as the Somerset club secured Football League status.
He joined Bristol City under the Bosnan ruling in the summer of 2006 but, thanks to the consistent form of Brazilian keeper Adriano Basso has failed to hold down a regular place in their side.
He joins Leicester on the same day that Australian keeper Paul Henderson is one of five senior players released by City.
The goalkeeping position at City proved problematic last season. They used six keepers – Henderson, David Martin, Carl Pentney, Mark Bunn, Tony Warner and David Stockdale.
Martin, Bunn and Stockdale have returned to Liverpool, Blackburn and Fulham respectively although Stockdale has said he would "jump at the chance" of returning to the Walkers Stadium.
City midfielder Andy King is expected to make his debut for Wales against Estonia at Llannelli this evening.
Chris Weale
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