A computationally efficient algorithm for estimating time delay betwee
n signals received at two spatially separated sensors is proposed. The
delay estimate is adapted directly to maximise the mean product of th
e first sensor output and the filtered output of the second received s
ignal. The convergence behaviour and variance of the delay estimate ar
e derived. It is shown that the proposed algorithm outperforms the exp
licit time delay estimator at a low signal-to-noise ratio.