 Walters played 41 times for Ipswich scoring 13 goals in 2007–08 as the Tractor Boys missed out on a play-off place by just one point.His performances during the season earned him the Player of the Year and Players' Player of the Year awards.The 2008–09 season saw Walters again play 41 matches, scoring seven goals as Ipswich failed to build on last season and finished in 9th position.