In April 2012, Boyd rejected a contract extension at Peterborough with only a year to go on his current deal. Consequently, manager Darren Ferguson placed Boyd on the transfer list as part of the club's new policy. Boyd remained transfer-listed for the remainder of his time at Peterborough. Despite this, he continued to play regularly, opening the 2012–13 season by scoring two goals in his first three appearances. In October 2012, Boyd scored his fourth and fifth goals of the season in a 3–1 home win over Huddersfield Town. His second goal during the match was a dipping volley from just inside the Huddersfield half, a goal that was described as "world-class".