Arsenal have activated the release clause for Leicester City striker Jamie Vardy, according to widespread reports.
Jamie Vardy - currently on international duty with England ahead of Euro 2016 - scored 27 goals for Leicester in all competitions in 2015/16.
Leicester may have no choice but to allow their star striker to open talks with the north Londoners - with figure being reported around £20m-£22m.
However, in another twist,Liverpool are said to be willing to pay the 29-year-old higher wages, but they cannot offer Champions League football.
Leicester signed Vardy from Fleetwood - then non-league for £1m in 2012 and he previously played for FC Halifax and Stocksbridge Park Steels.
Since making his England debut in 2015, he has scored three times in eight internationals.
Arsenal, who finished second in the league, 10 points behind Leicester, have already signed Switzerland midfielder Granit Xhaka from Borussia Monchengladbach.
