Arsenal are now in talks with Mahrez, who in April became the first African player to be presented with the prestigious PFA Players' Player of the Year award.
It is suggested that having triggered Vardy's £20m release clause last week, the Gunners have done the same for Mahrez. It is even said they were surprised by just how low the value of the clause was.
As such, if talks go well, the former Le Havre winger, bought for just £400,000 by Leicester in January 2014 as they surged towards the Championship title and promotion back to the Premier League, could quickly follow Vardy out of the King Power Stadium.
Arsenal have been one of a number clubs linked with Mahrez for a number of months. His incredible rise is believed to have caught the attention of Manchester United, Manchester City and Chelsea at various times, while even Real Madrid and Barcelona have been credited with interest.
Mahrez signed a contract extension with Leicester in August 2015 and is currently earning £35,000-a-week - much less than Arsenal-bound team-mate Jamie Vardy who increased his pay packet to £80,000-a-week after agreeing an improved deal in February.
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