The Gunners are long-term admirers of the Leicester winger, who almost joined Roma last summer.

The report quotes Algerian outlet Le Buteur as saying that Arsene Wenger is finally ready to land his man, with fears that Alexis Sanchez could depart the Emirates Stadium for Manchester City next month.

Leicester could demand as much as £45m for their star player, however, which is likely to test Arsenal's resolve.