In fact Posh have had plenty of success in the free transfer market as these successful signings confirm.
1. GRANT MCCANN
Signed from Scunthorpe in July 2010. The midfield maestro went on to make 186 Posh appearances, helping the club to promotion from League One in his first season at London Road. Photo: Dean Mouhtaropoulos
2. CURTIS WOODHOUSE
All-action midfielder signed from Birmingham City in October, 2003. Won the player-of-the-season prize in his first season at the club. Made 72 appearances and scored 12 goals for Posh. Photo: s
3. PAUL TAYLOR
This explosive forward arrived at London Road after a spell in Belgian football in August, 2011. Taylor scored 20 goals in 107 appearances in two spells at London Road. Played well at Championship level to earn a £1.5 million move to Ipswich Town. Photo: Joe Dent
4. STEVE WELSH
Signed from Cambridge United in July, 1991. Central defender who was a key man in the Division Three promotion season in 1991-92. Welsh went on to make 196 appearances for the club in two spells. Photo: David Lowndes