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Cash-strapped Reading have sold defender Nelson Abbey to Greek side Olympiakos for an undisclosed fee.

The England Under-20 international made 31 appearances for the Royals after coming through their academy.

The 20-year-old has captained Reading in League One this season, with his sale likely to help fund the club while the search for a new owner goes on.

Abbey had been linked with a move to Premier League side Luton earlier in the January transfer window.

Olympiakos owner Evangelos Marinakis also owns Premier League club Nottingham Forest.

Find all the latest football transfers on our dedicated page.