Leicester City: Riyad Mahrez planning Leicester City exit - Even as Premier League champions open discussions over improved deal for him.

Leicester city- Riyad Mahrez is leaning towards leaving Leicester even though the club have offered the PFA Player of the Year a massive new contract.

Mahrez has been the subject of interest from top sides at home and abroad — including Arsenal — and doubts over the future of team-mates Jamie Vardy and N'Golo Kante are making him mull over whether to ask for a transfer.

Sources indicate a move is on the agenda while confirming discussions over fresh terms have taken place.

Mahrez signed a contract through to 2019 last summer worth around £40,000 a week and Sportsmail reported in February that the Algeria star would be prioritised for an upgrade to six figures once the season ended.

But with Vardy in the process of making up his mind over Arsenal's £20million approach and Kante attracting interest from Paris Saint-Germain and Chelsea for a similar fee, Mahrez may prefer to leave, too.

Arsenal have an interest in Mahrez but are thought to favour a move for Henrikh Mkhitaryan while Chelsea are also looking at Kante.

Leicester received positive news about Kasper Schmeichel however, with the 29-year-old keeper close to signing a five-year contract worth £65,000 per week.

It is thought the Danish goalkeeper is prepared to commit to a new long-term deal in a huge boost for the club given how he performed during the title-winning campaign.

Leicester's owners are doing everything they can to keep the squad together and the club's recruitment team are busy working on bringing in signings. Two targets include CSKA Moscow's Ahmed Musa and Sporting Lisbon's Islam Slimani.

Andy King, himself in line for a fresh terms ahead of Leicester's Champions League campaign, is bracing himself for a long summer of speculation.

The 27-year-old, who has league winners medals from three divisions with Leicester, said he would try to convince his close friend Vardy to stay but admitted ultimately decisions were for each individual.

King said: 'Was I surprised (by Arsenal's bid)? No, I don't think so because all of our players have had brilliant seasons and are going to be linked with big clubs.

'For Leicester it is going to be a summer of speculation of incomings and out-goings. Nothing has happened yet and it will probably be a long transfer window. Of course we want all our best players to stay and try and build from there. But what (Vardy) decides to do is up to him.
'It is 25 players in a squad if one or two decide they want to go and play their football elsewhere, we wish them all the best. We want to keep our best players and hopefully add to that.'