Premier League rival turn down two bids for Arsenal target, stick to €46m asking price

According to reports, former Premier League Champions Leicester City have already rejected two bids for in-demand winger Riyad Mahrez and will only cash in on the African for a fee not less than €46m.

The Algeria international winger has been tipped to leave the King Power Stadium this summer transfer window and is attracting a lot of strong interest from Premier League club Arsenal and Serie A giant AS Roma.

The Foxes are believed to be set to let the flying winger leave the club, but only for what they see as the appropriate transfer fee.

French outlet Foot Mercato reports that the Foxes have already turned down two offers for Mahrez, the latest being an offer of €30m plus add ons.

The 2015/2016 surprise Premier League Champions are clear that the African will not leave for less than €46m.

The 26-year-old attacker is under contract with the Foxes until the summer of 2020, placing Leicester City in a good position to dictate the terms and conditions of his departure.

Mahrez played a total of 48 matches across all competitions last campaign, netting ten goals and assisting seven as the Foxes struggled to equal the heroics of their title 2015/2016 Premier League winning campaign.