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Gabor Gyepes has joined Pompey until the end of the year..
The 31-year-old defender trained with the Blues last term without earning a contract.
Michael Appleton has now decided to bring the Hungarian on board, however, he will need international clearance to feature at Crawley on Sunday.
Gyepes, who has 26 international caps, spent four years at Cardiff City after spells with Northampton Town and Wolves.
Having started his career at Ferencvaros, he has been with Hungarian outfit Vasas for the past few months.
Appleton is keen to add experience to the heart of his defence, to help young centre-backs Kevin Long and Josh Thompson.
"He's played for a few clubs in England so knows what to expect and we're pleased to be able to add him to our squad," said manager Michael Appleton.
Report from Sky Sports
Gabor Gyepes says he has joined Portsmouth until the end of the year after giving up hope of a contract with Ferencvaros.
Michael Appleton has been chasing the signature of the 31-year-old since the spring, but has finally secured his services after persuading the Hungarian with his persistent interest.
Gyepes has spent most of his career in England, enjoying spells with Wolves, Northampton and Cardiff City before returning to his home country in March after a fall-out with manager Dave Jones.
But he has now returned to British shores,signing a contract with the South Coast club until the end of the year and could now make his debut on Saturday against Crawley.
He said: "I'm sad that my breeding club Ferencvaros weren't interested in me because I wanted to join them very much. I've even been thinking about retiring.
Try my luck
"But this week I decided with my family and with my agent that I will try my luck in Portsmouth.
"The English team also wanted to sign me in March but their financial conditions didn't allow them to get me.
"I felt they want me very much so now I've accepted their offer. Despite the problems there's a good atmosphere, this is a sympathetic club which is close to being in good shape again.
"I signed only until the end of the year but if the situation is stable then we'll have new talks and I may be ready to sign a longer contract.
"I arrived in England on Thursday, I had my first training on Friday and the manager said that he plans to put me into the starting line-up.
"I hope I can help Portsmouth to become a team to fight for the promotion."