Leicester chief gives latest update on Jamie Vardy’s proposed transfer to Arsenal

Leicester remain hopeful of Jamie Vardy staying at the club beyond the summer

Leicester City remain hopeful that Jamie Vardy will reject the advances of Arsenal and stay at the King Power Stadium beyond the summer, according to vice-chairman Aiyawatt Srivaddhanaprabha.

The north London side are believed to have tabled a £20m bid to bring the striker to Emirates Stadium, triggering the release clause in his contract, as Arsene Wenger looks to bolster his attacking options.

Vardy, however, appears to be in no rush to make a decision about his future and is currently waiting until after his involvement in Euro 2016 before making his choice.

However, Srivaddhanaprabha is confident that Vardy will reject Arsenal and stay on at Leicester beyond the summer.

He told the Daily Mail: “You will see the news very soon, but I think he will stay.

“I think so, let’s see. We need to build the team. We keep continuing to believe that we can do something special in the Premier League and the Champions League.

“The Champions League is going to be amazing for Leicester, so let’s see. Leicester is the underdog and we can still be the underdog.”

Vardy scored 24 goals in the Premier League last season to help Leicester win the Premier League title as they finished 10 points ahead of second-placed Arsenal in the table.

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The Gunners did not win a trophy last season.

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