"I'm pleased to be joining Tranmere and looking forward to getting started in pre-season, " said Allott.
BBC: Allott leaves Oldham for Tranmere
Managing director David Allott said a voluntary redundancy programme was being set up.
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Allott, 31, will officially sign when the transfer window re-opens on 1 July.
It was no more than the home side deserved after Mark Allott, then Glynn Hurst had earlier gone close.
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Fast bowlers Dion Nash and Geoff Allott are also suffering from back problems but are still wiht the squad in Africa.
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Allott began his career at Oldham, progressing through their youth system.
The musical's managing director, Nicholas Allott, of Cameron Mackintosh Ltd, said ever since Les Miserables opened it had attracted many audience members who had returned "over and over" to see it.
BBC: Les Miserables fan Sally Frith sees musical 957 times
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