Fleetwood Town are set to bank a huge chunk of the transfer fee Arsenal will pay Leicester for striker Jamie Vardy, according to reports.
The Sun claim a sell-on clause inserted into Vardy’s contract when he signed for Leicester from Fleetwood in 2012 entitles the League One club to £6.8million.
Arsenal triggered Vardy’s £20million release clause on Friday and are hopeful of completing a deal for the 29-year-old before he jets off to Euro 2016 with the England squad.
Vardy only signed a new deal at the King Power Stadium in February and it still has three seasons left to run.
But Arsenal’s offer of a four-year £120,000-a-week deal appears to have tempted Vardy, who turns 30 in January, to leave the Premier League champions.
Current Gunners striker Olivier Giroud is looking forward to welcoming Vardy to the Emirates and vying with the England hitman for a place in the starting XI.
“With Welbeck being injured, the boss wanted to sign at least one or maybe two strikers,” Giroud said.
“I expected a top striker to come in and I think it’s very beneficial for the club and for the team, so hopefully he’s going to score a lot of goals as he did with Leicester.”
Leicester have lined up 27-year-old Sporting Lisbon striker Islam Slimani as Vardy’s replacement.