7M - Arsenal In Advanced Negotiations For Leicester Wonderkid Jeremy Monga

Arsenal are currently in advanced negotiations to sign teenage winger Jeremy Monga from Leicester City. The sixteen year old prospect has reportedly given the green light for a move to the Premier League champions, choosing the north London side over interest from rivals Chelsea and Manchester United. While a complete deal has not yet been locked in, discussions between the clubs and the player's camp are progressing with high confidence.

Monga established himself as a highly rated talent last season, recording one goal and two assists across thirty first team appearances for the Foxes. Following Leicester's relegation to League One, the club is open to a sale to secure pure profit from their academy graduate. Leicester are holding out for a transfer fee between ten million pounds and fifteen million pounds, an amount that would break the League One transfer record. Under manager Mikel Arteta, the signing represents a long term future investment, with Monga expected to either join the under-twenty-one squad or head out on loan for the upcoming season.