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Stearman, currently player of the season at the Walkers Stadium has opted for an undisclosed transfer to Molineux despite being tracked by Martin Oneills Aston Villa.
Meanwhile, fans favourite and top goalscorer last season Iain Hume is due to take a medical at Barnsley tommorow and is expected to tie up a contract with the Championship club, with the Foxes expected to receieve around £1.5m for the loss.
With Gareth McAuley already a casualty of the transfer invasion plaguing the Walkers Stadium, life in League One is set to be all but bright.