Smalley has made 105 appearances for Oldham
Oxford United have signed Oldham Athletic striker Deane Smalley on a two-year deal for an undisclosed fee.
turned down a new deal at the Latics,
who were entitled compensation even though he is out of contract because he is under 24.
Smalley spent most of last season
on loan at League Two champions Chesterfield
, scoring 12 goals in 39.
"As soon as I came here Oxford stood out for me with their ambition and fantastic fan base," said Smalley.
"This is a fantastic club and very ambitious. I spoke to [Oxford manager] Chris Wilder and [chairman] Kelvin Thomas and they showed me the set up and I was very impressed," he added.
“We have tracked Deane thoroughly for the past five months and at his age with games and experience, he will only get better”
I played here last season with Chesterfield
and Oxford gave us a very difficult time. Hopefully I can help them get promoted to League One next season."
Smalley is Oxford's fifth recruit this summer, following
to the Kassam Stadium.
U's boss Wilder added: "Deane is a player we have tracked thoroughly for the past five months. We have monitored his progression since he come through the youth ranks at Oldham.
"He has the ability to be a regular goal scorer, his all round game is already at a high standard, his work rate is superb and at his age, with games and experience, he will only get better."