Cole joined the Town Academy as an U12 and made an immediate impact.
He finished as the leading goalscorer in his U14 season and continued his fine form during his U15 season when playing for the U16s.
The end of season tour at the Cordial Cup saw the striker finish as the leading goalscorer in the U15s group stages against some of Europe’s finest teams and he was a regular starter in the U18s league.
Cole bagged a hat-trick in the opening game of this season against Norwich and notched an impressive 11 goals in 18 appearances.
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Head of Youth Operations Matt Stannard told the club’s official website: “We are very happy to see another one of our players progress further up the ladder. It’s a move that is right for both Ollie and Luton Town.
“This is a transfer that will once again show the pedigree of Luton Town’s youth development programme which continues to develop players fit for the Premier League.
“There are not many clubs in the fifth tier of a professional league in the world that can boast this kind of track record and that is something that we can be very proud of.
“We also hope that Ollie can go on and fulfil his undoubted and outstanding potential at Carrow Road.”
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