Leicester City have made a €27m (£23.2m) offer for the Santos forward Gabriel Barbosa. The 19-year-old, also known as Gabigol, is playing for Brazil at the Rio Olympics and his future is likely to be decided after the Games.

The Premier League champions, however, had hoped to receive an answer before the tournament ends with the season starting this weekend.

The two Italian clubs, Juventus and Internazionale, have also made bids, although they have been lower, at €25m. The player has a contract at Santos until 2019. It was recently announced that he had signed a new deal until 2021 but that is not the case, the player and his family wanting to see which clubs are interested in signing him.

Gabriel made his debut for Brazil’s senior team in May and his agent, Wagner Ribeiro, told the Brazilian publication Lance last weekend: “Inter’s is the third official offer that Santos have received for Gabigol. For now we want to leave Gabriel in peace.

“When the Olympics finish – with the gold medal, God willing – we will sit round the table and resolve his future. We are calm. When the Olympics finish I will sit down with Gabigol and his family and decide his future.”

Leciester City have already signed the Nigerian forward Ahmed Musa for £16m this summer from CSKA Moscow and have retained Jamie Vardy, Leonardo Ulloa and Shinji Okazaki.