Arsenal have reportedly proposed a part-exchange deal to sign Leicester City playmaker James Maddison.
The 24-year-old has emerged as the Gunners’ prime target, and football.london claims that they have now made a formal bid.
Maddison is currently valued at over £60m, but the Gunners have proposed a player-plus-cash deal to lower the price tag.
The Gunners are determined to sign a creative midfielder this summer, and Maddison perfectly fits the requirement.
The playmaker is Premier League proven. He bagged eight goals and seven assists from 31 top-flight games last season.
Maddison is open to the prospect of joining the Gunners, provided they can strike a transfer agreement with the Foxes.
It won’t be an easy task with Foxes manager Brendan Rodgers recently ruling out any big-name departures this summer.