Dundalk have signed defender Paul Whelan, but have been forced to release striker Shane O'Neill due to financial constraints
O'Neill is the fourth player to exit the Airtricity Premier Division side in recent weeks as cost-cutting measures are implemented to attempt to keep the club afloat. The 23-year-old striker scored just twice for the Lilywhites in 16 games since signing from Bray Wanderers in January and was deemed surplus to requirements by Kierans.
Full-back Whelan has been without a club since the demise of Monaghan United, but he was a key player at Gortakeegan last season, helping Mons to promotion. He was also a fan favourite at the club, becoming the youngest player to make 100 appearances for Monaghan.
Whelan is set to be included in Dundalk's squad for their Premier Division tie with Bohemians on Friday.