Leicester are considering a bid for Aston Villa's Jack Grealish

Jack Grealish could be on his way out of Aston Villa this summer

Leicester are considering a bid for Aston Villa’s highly-rated midfielder Jack Grealish, Sky Sports News understands.

With Riyad Mahrez closing in on a £60m move to Manchester City, Leicester have the funds to strengthen their resources in midfield and believe the 22-year-old would be the perfect fit.

Sky Sports News also understands that both Arsenal and Manchester United have monitored Grealish's form in recent months.

Aston Villa lost in the Sky Bet Championship play-off final

Villa are keen to keep hold of the talented former England and Ireland U21 international but appreciate that may be impossible after their play-off final defeat confirmed another year in the Sky Bet Championship.

Grealish has two years left on his contract, however, the club remains under pressure to balance the books.

If Grealish does leave Villa Park, we understand the club would be looking to recoup around £40m.