Report: Blow for Arsenal and Manchester United as £25m target unsure of Leicester move

The most important news for Leicester, at the moment, may be that of whether Jamie Vardy will choose to reject a move to Arsenal, but rumours are also intensifying about the future of Riyad Mahrez.

According to the reports from the Telegraph, Leicester City are striving hard to keep the Algerian international who bagged the PFA Player of the year for 2015-2016, with the Foxes offering a new contract worth £100,000 a week for the 25-year-old winger.

Mahrez, 25, is the latest Leicester star to be offered vastly improved terms after the club's remarkable season, joining Jamie Vardy, N'Golo Kante and Kasper Schmeichel.

The 25-year-old winger played a huge part in Leicester's Premier League title success, scoring 17 goals, and the Foxes Thai owners have moved swiftly in a bid to avoid losing the Algeria international.

As predicted, there have been approaches for the 25-year-old Algerian coming from other clubs, including Arsenal, Paris St-Germain, Manchester United, and Barcelona, However, Leicester are anxious to keep hold of one of their star players, particularly as both N’Golo Kante and Jamie Vardy are also making transfer headlines.

After a move that cost Leicester just £400,000 from Le Havre two-and-a-half years ago, the Algerian international sparkled during his first season in England; he netted 17-goals and provided the team with 11 assists.

That brilliant form saw the Algerian named the PFA Player of the Year by his fellow players, and has inevitably led to speculation that his future may lie away from the King Power Stadium.

However, Leicester's offer is on the table and they remain hopeful that the 25-year-old will stay for at least another 12 months. With Champions League football to look forward to next season, it is highly possible that improved terms may convince Mahrez to remain in East Midlands.

Nevertheless, if Mahrez decides he wants to leave, considering the fact the Algerian has no clause in his contract such as the one in Vardy’s deal, the Foxes can hold potential suitors to ransom.

If Mahrez does decide to leave, however, it is understood Leicester will demand a figure of over £30million for a player who cost so little from Le Havre in January 2014.

Earlier this month, the north Londoners activated Vardy’s £21million clause while Kante could depart the King’s Power Stadium for a similar transfer fee.

Mahrez has revealed he will make a decision on his future later this summer, but the potential sales of either Vardy or Kante could be intrinsically linked.

He said, "Nothing is agreed, nothing is done. We will see. For the moment, I have not made a decision. We will see. It is possible that I stay, it is possible that I leave. The season went very well. We have won the league, which was very important. It is incredible. It was by far my best season in my career.”

"I am not putting pressure on myself (for next season). It will be a season about confirming (my ability).” Without pressure, I will have to work hard... Leicester is a family club. I would like to stay. I am very happy.”