The 33-year-old was released by Rotherham at the end of the season after failing to make an appearance for the Millers since October.
However, the Scot has wasted little time in securing a new club after signing a two-year deal to remain in League One.
Shearer, who is keen to earn his coaching badges during his stay at Gresty Road, will compete with Ben Garratt for the number-one position.
Restore Data
| Team | P | W | D | L | F | A | GD | PTS | |
| 1 | Port Vale | 15 | 9 | 3 | 3 | 23 | 16 | 7 | 30 |
| 2 | Walsall | 14 | 8 | 3 | 3 | 27 | 15 | 12 | 27 |
| 3 | Notts County | 15 | 7 | 6 | 2 | 23 | 13 | 10 | 27 |
| 4 | Doncaster RoversDoncaster | 15 | 8 | 3 | 4 | 21 | 17 | 4 | 27 |
| 5 | Crewe AlexandraCrewe | 14 | 7 | 4 | 3 | 17 | 13 | 4 | 25 |
| 6 | MK Dons | 15 | 7 | 3 | 5 | 24 | 17 | 7 | 24 |
| 7 | Grimsby Town | 15 | 8 | 0 | 7 | 19 | 25 | -6 | 24 |
| 8 | Gillingham | 15 | 7 | 2 | 6 | 16 | 12 | 4 | 23 |
| 9 | Chesterfield | 15 | 5 | 7 | 3 | 28 | 18 | 10 | 22 |
| 10 | Bradford CityBradford | 15 | 6 | 4 | 5 | 20 | 16 | 4 | 22 |
| 11 | BarrowBarrow | 15 | 6 | 4 | 5 | 16 | 12 | 4 | 22 |
| 12 | Fleetwood TownFleetwood | 14 | 5 | 6 | 3 | 20 | 15 | 5 | 21 |
| 13 | Salford City | 15 | 5 | 5 | 5 | 14 | 17 | -3 | 20 |
| 14 | AFC Wimbledon | 12 | 6 | 1 | 5 | 18 | 10 | 8 | 19 |
| 15 | Newport CountyNewport | 15 | 6 | 1 | 8 | 19 | 26 | -7 | 19 |
| 16 | Cheltenham TownCheltenham | 15 | 5 | 3 | 7 | 19 | 22 | -3 | 18 |
| 17 | Tranmere RoversTranmere | 14 | 4 | 5 | 5 | 10 | 17 | -7 | 17 |
| 18 | Accrington StanleyAccrington | 14 | 4 | 4 | 6 | 18 | 22 | -4 | 16 |
| 19 | Bromley | 14 | 3 | 6 | 5 | 16 | 18 | -2 | 15 |
| 20 | Harrogate TownHarrogate | 15 | 4 | 3 | 8 | 12 | 21 | -9 | 15 |
| 21 | Colchester UnitedColchester | 14 | 2 | 7 | 5 | 17 | 21 | -4 | 13 |
| 22 | Swindon TownSwindon | 15 | 2 | 6 | 7 | 16 | 23 | -7 | 12 |
| 23 | Carlisle UnitedCarlisle | 15 | 3 | 2 | 10 | 13 | 28 | -15 | 11 |
| 24 | Morecambe | 15 | 2 | 4 | 9 | 14 | 26 | -12 | 10 |
| > League Two Full Table | |||||||||
