Leicester are set to reject Newcastle's latest bid for James Maddison with the offer thought to be in the region of £40million.
Newcastle tested the water again on Monday after their initial £35m proposal was rebuffed on Friday. Leicester value Maddison, who has two years remaining on his contract, at about £60million.
Leicester's difficult financial position means they have to sell this summer before giving boss Brendan Rodgers the funds to reshape his squad, and so far there has been little interest in their fringe players. That raises the prospect of selling one of their stars, like Maddison, Harvey Barnes or Wesley Fofana.