Paul Shaw made his debut for Ferencvaros on Wednesday as the Hungarian team played a friendly against third division Martonvasar.
The former Arsenal forward was in the starting line-up and played 45 minutes in the 3-2 win.
The 34-year-old's salary will be paid by Sheffield United as part of a link between the two clubs, with Ferencvaros providing the player with a house and a car.
The striker must only pass a medical to be available at the weekend, as he was not contracted to Oxford, his last English club.
Shaw told Nemzeti Sport: "I can't say too much after one training session and 45 minutes of a match."
Ferencvaros, who are in big financial trouble, are now in the Hungarian second division and Shaw will be a key man in their push for promotion.
"It will be easier once I've learned some Hungarian words and become more familiar with the club, though the language of football is common - you either speak it or not.
"It's already clear that I will have a good partnership with the team captain Peter Lipcsei.
"All I can say is that it is not like my previous club before Oxford, Chesterfield - at least the style of football is very different."
Since this interview Paul Shaw still hasn't been allowed to play by the Hungarian FA. Shaw says that his contract with the Spireites was cancelled so no problem there, he then went to Oxford United and he also has his wages paid by Sheffield United. Apparently the Hungarian club are in major financial strife and it is understood that a link up deal with Sheffield United looks to be on the cards.