Need the latest Foxes transfer news? Get FREE email alerts for Leicester City FC Sign up! Thank you for subscribing We have more newsletters Show me See our privacy notice Invalid Email

Leicester City and Manchester City remain in talks over the future of Riyad Mahrez, but no deal has been agreed yet, the Mercury understands.

The Premier League champions remain keen on signing the Algerian after their efforts were thwarted in January and have kept in touch with City during the second half of the campaign.

Now the window has opened it was believed a deal could be done quickly, but the deal appears to have hit a snag over agent fees.

Manchester City offered £50million and youngster Patrick Roberts for Mahrez, but City would only do a deal for £80m cash at the time.

(Image: Michael Regan/Getty Images)

Mahrez still has two years left on his contract and City argue that because he is a former Premier League winner, a PFA player of the year and Ballon d'Or nominee that Mahrez's value is reasonable, but their stance may soften this summer after Mahrez has attempted to leave in the last two windows and now may be the right time for all parties.

Mahrez changed his agent to Kia Joorabchian after he was unable to get his desired move to a Champions League club a year ago, but despite the efforts of Joorabchian, who brokered the £142m sale of Philipe Coutinho from Liverpool to Barcelona in January, Mahrez remained a frustrated figure at City.