Arsenal have reportedly lodged an official £35million bid for Leicester’s Riyad Mahraz, with 7.4million add-ons.
The Gunners are known suitors of the Algeria international, with claims they have already had a £30m bid rejected. Chelsea were also linked with the Algerian this week after Mahrez was spotted at Chelsea Harbour hotel.
Foxes manager Claudio Ranieri insists Mahrez is going nowhere this summer after the playmaker helped Leicester win an unlikely Premier League title last season.
But French newspaper L’Equipe claim a fresh offer is on the table.
According to the report, Arsenal are willing to spend big on the 25-year-old to secure his services in time for the transfer deadline.
They will also supposedly throw in £7.8m in add-ons and bonuses to ensure the deal goes through.
Mahrez won PFA Player of the Year last season after scoring 17 goals and providing 11 assists in Leicester’s run to the title.
Arsenal are also supposedly in talks with Valencia over a £30m deal for defender Shkodran Mustafi.
That deal would be done by the start of next week as manager Arsene Wenger seeks to bolster his weakened defence.
As for Leicester, they kick off their title defence at Hull today (12.30pm) and Mahrez is expected to start.
Mahrez was instrumental in helping Leicester to a shock Premier League title win, scoring 17 goals and providing 10 assists for his team-mates.
The 25-year-old recently rejected a new £80,000-a-week contract offer from the Foxes in the hope of forcing a move.
But after selling N’Golo Kante to Chelsea and tying down Jamie Vardy, the Foxes have made it clear to Mahrez, he will not be allowed to leave.
Director of football, Jon Rudkin, met his agent yesterday to make the club’s stance clear as the new season approaches.
Leicester are concerned if they were to let Mahrez leave they wouldn’t have time to find a suitable replacement so close to the end of the transfer window.