Craig Shakespeare is plotting a £25million move for Manchester City striker Kelechi Iheanacho, as Leicester prepare to spend big this summer.

Shakespeare, the new Leicester manager, has been alerted to Iheanacho's availability and is ready to pay a significant fee for the Nigeria international.

Iheanacho is free to leave the Etihad Stadium ahead of the forthcoming season, as Pep Guardiola is determined to bring in another forward, with Arsenal's Alexis Sanchez understood to be a top target.

And Shakespeare is set to move for the 20-year-old and attempt to steal in before Premier League rivals Everton, Crystal Palace and West Ham.

Leicester are targeting players with top-flight experience, after a disappointing summer of recruitment last year, and believe Iheanacho represents good value for the price required.