Barnet midfielder Jack Taylor has completed a move to League One side Peterborough United.

Taylor joins the Posh for an initial fee of £500,000, which could rise to £1 million with add-ons, a record fee for the National League.

The 21-year-old has penned a long-term contract with Darren Ferguson’s side.

Taylor came through the academy at Chelsea and has represented the Republic of Ireland at under-21 level. In total, he made 127 appearances for the Bees, scoring 16 goals and providing 26 assists.

Speaking to the Peterborough club website, Taylor said: “Once I spoke to the gaffer, I made up my mind. It feels the right time for me to make the move. I have been with Barnet for a while and made a decent amount of appearances in the National League and League Two. I feel I am ready for the next step up.

“I wanted to kick on this season and it has gone okay for me. I don’t know anyone at the club so the first day will be about meeting my new teammates and getting out there on the training ground. It is a good opportunity for me and I am really pleased to get it done.”