Bolton Wanderers have confirmed that their transfer ban has been lifted by the EFL.

The club have been unable to register new players either on loan or permanent deals since December 2015, a period which saw them relegated to and promoted from League One, as a result of the financial difficulties they had faced at the time.

Bolton owner Ken Anderson said: "We are really pleased that the EFL has given us the go-ahead to come out of the transfer embargo.

"I would like to thank all the Bolton Wanderers supporters for the patience they have shown during this time. The situation has taken far longer to rectify than I had imagined, largely due to the much-publicised ownership situation which has thankfully now been resolved.

"This is another positive step in the right direction and I trust that everyone will all continue to get behind Phil Parkinson, his staff and the players for the remainder of the campaign."

Although the summer transfer window is now closed, the lifting of the embargo means that Bolton will be able to promote youngsters Jeff King and Alex Perry, as well as giving them the freedom to sign free agents.

Parkinson's side have endured a miserable return to the Championship this season, picking up just two points from their opening seven games of the campaign.