The Premier League champion has snubbed a move to the Emirates Stadium and will instead remain at the King Power, and he has been hailed for making a "mature decision"
Former Leicester City striker Steve Claridge believes Jamie Vardy made a "mature decision" in rejecting interest from Arsenal to agree a new contract with the Premier League champions.
Arsenal had reportedly triggered an estimated £20 million release clause in Vardy's contract after the England striker's 24 league goals fired the Foxes to the most stunning of title triumphs in 2015-16.
Vardy also scored in 11 consecutive league games last season, breaking Ruud van Nistelrooy's record that had stood for more than a decade.