Leicester City have offered £25 million for Kelechi Iheanacho and are confident of winning the race to sign the Manchester City striker.

Telegraph Sport understands that Leicester have met the price required to sign the Nigeria international and a deal appears increasingly likely to happen this month.

As first revealed on June 21, Iheanacho is one of Craig Shakespeare's leading summer targets and the terms of a transfer have been broadly agreed between the two clubs.

It is understood that the capture of Iheanacho could become a Leicester club record if instalments are not reached on the deal which brought Islam Slimani from Sporting Lisbon last year.