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Leicester City would have to pay more than £15m for Celtic defender Kristoffer Ajer.

City have been linked with a move for the Norwegian international, with AC Milan also said to be keen.

Leicester are looking to replace Harry Maguire after his £80m move to Manchester United, but will not be held to ransom.

However, Celtic will not let Ajer, 21, be reunited with Foxes boss Brendan Rodgers on the cheap.

“Kris is a fantastic player and has pretty much played every minute for me," Celtic boss Neil Lennon said.

“We rested him in Estonia, but that’s the first football he has missed since last February. He has been outstanding, and we have high hopes for him.

“Kris wants to improve, he is a regular international now, and you have to remember how young he is.

“There will be a mistake from time to time, but his consistency has been excellent.

“He is athletic, good on the ball, good in the air and is an intelligent boy. Kris has all the strings to his bow, he is a real specimen at 21.

“He came as a No10 to Celtic, and the loan spell at Kilmarnock did him a lot of good. Physically, he is very good, and there is a real maturity about him.

“Even in training, you see his will to win. He has a good personality. We would like to extend his contract eventually. We’d gauge that as we go along.”

City identified Bournemouth's Nathan Ake and Burnley's James Tarkowski as the top two targets once Maguire left.

However, Ake will reportedly cost £75m, while England international Tarkowski is rated at more than £40m.