Watford and Carlisle United have agreed a compensation package over the transfer of Tom Aldred.

Aldred completed his moved to the Hornets two weeks ago and the clubs have been in discussions over a fee since.

The 19-year-old rejected Carlisle’s offer of a contract extension but because he is under 24, the Cumbrian side were due compensation.

Both clubs are refusing to reveal how much Watford have paid for the Bolton-born defender.

The Hornets and Carlisle failed to reach an agreement last summer when in a similar position following Danny Graham’s switch to Hertfordshire.

Both clubs therefore had to attend a Football League tribunal and Watford were forced to pay an initial £200,000 for the striker and also have to pay an additional £30,000 for every 15 appearances Graham makes up to a maximum of 75 games.

If the Hornets win promotion in the next two seasons they will also have to give the League One club another £200,000.

Carlisle's managing director, John Nixon, said: "We're pleased to have come to an agreement with Watford and we would like to wish Tom Aldred all the best for the future."