|Re-signed: Oakley in action for the Foxes reserves today|
"I am very happy that we have agreed an extension with Matt. He is not only a good football player, but he is an excellent professional.It is important for us to have people like Matt around the club, especially as we often have a young team out on the pitch. He has a positive influence on his colleagues and his experience in the game will be invaluable for us."
Oakley - along with first team regulars Lloyd Dyer, Paul Gallagher, Darius Vassell, Yakubu and Wellens - played a behind-closed-doors reserve team friendly against West Bromwich Albion this afternoon. The strong Foxes side, also including the returning from injury Aleksandar Tunchev and Steve Howard, lost out by a single goal from Baggies' striker Simon Cox.