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Kristoffer Peterson arrived at the Academy from Swedish side, A Savedalens IF in January 2011.
The right winger was an impressive performer in the U16 side last season, catching the eye with his pace and flair.
He has represented his country at various youth levels.
Peterson figured heavily as a first year scholar in the U18s team during the 2011-12 season.
The youngster picked up a number of injuries but is back to full fitness and will be an integral part of the U18s and figure in the NextGen during the 2012-13 season.
Peterson is currently on loan at Tranmere Rovers.