The 22-year-old Frenchman was released by the U's this summer when his contract expired after five years and over 100 apperances at the Layer Road club.
Northampton were thought to be leading the race to sign the slight midfielder but Slade nipped in and beat Colin Calderwood to his man.
Pinault is a creative midfielder who Slade will see as the much needed link between attack and defence this season.
This morning Pinault passed his medical and signed a one-year contract. A place on the bench is likely for tonights Lincs Cup game with Scunthorpe.