The 20 year-old signed a three-year deal yesterday. Posh have paid an undisclosed fee for the former Manchester United youngster after reaching agreement with the administrators currently running Stockport.

Rowe is highly-rated within the game and has impressed on his last two outings at London Road.

He scored the only goal of the game towards the end of the 2007-08 season and delivered an outstanding display in the unfamiliar position of left-back last season.

Peterborough United manager Darren Ferguson insists Rowe won't necessarily be in direct competition with George Boyd for the team's left-wing position.

Ferguson, who returned to work yesterday after a spell on compassionate leave, said: "I certainly haven't bought Tommy to play left-back, but that doesn't mean he will be competing with George for a place in the team on the wing.

"We will need to be very flexible in the way we play to compete in the Championship and I could play George anywhere along the front four.

"Tommy does fit the profile of player we like at the club. He's young, he's hungry and he's very talented as he showed in his performances against us.

"He's been on our radar for a long time, but I met him for the first time yesterday and I liked him a lot. He will fit in with the other lads and that's important.

"We have paid a fee to Stockport's administrators and I'm looking forward to working with Tommy."

Rowe was at Manchester United as a young boy before joining Stockport's Academy set-up.

He made his debut for County's senior side in January 2007 and was an immediate hit, helping County to promotion alongside Posh from League Two.

After his winning goal at London Road, County boss Jim Gannon compared him very favourably to Boyd, describing him as the best winger in the division. He played 41 times last season and scored seven goals.

Posh are in the market for six new players this summer. Attempts to sign Tranmere midfielder Anthony Kay and free-scoring Bristol Rovers striker Rickie Lambert have already failed.

Posh director of football Barry Fry has rubbished newspaper stories suggesting that Coventry striker Robbie Simpson and Yeovil midfielder Lee Peltier are targets.

Posh have also circulated the availability of numerous players from last season's successful squad.

Ferguson had to scrap plans to meet with the squad personally, but those deemed surplus to requirements have now been told.

Posh are keen to shed about a third of their current thirty-plus squad.