According to the same story, Arsenal are “heavily interested” in signing the 24-year-old from their top-eight rivals after Maddison’s fine performances in the 2020-21 Premier League campaign.
Football.London go on to write that Leicester could demand a transfer fee in excess of £70m for Maddison, which would be close to the amount the Gunners spent on Nicolas Pepe two years ago.
The website report adds that the north London side could find it difficult to secure a deal for Maddison given that Arsenal have a limited summer transfer budget to work with.
Maddison scored eight goals and made five assists in 31 games in the Premier League last term.
Maddison started his career at Coventry City before the playmaker completed a move to Norwich City in 2016.