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The Nigerian born former Polonia Warsaw player was linked with a move to Blues only last week, but the the Greek side were holding out for a fee believed to be £3.8million.
Olisadebe indicated this week that he would jump at the chance to join the Blues and told the Greek press: "I have always wanted to play for an English club.
"I am very excited about the prospect of playing in England and for Birmingham City. Who wouldn't be?
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