Arsenal's interest in Jamie Vardy is rumoured to have quelled after the striker's release clause rose by almost 50% to £30m.
According to respected Sky Italy journalist Gianluca Di Marzio on his website, the previous fee of £22m has jumped by a staggering £10m.
Gunners boss Arsene Wenger reportedly made contact with Leicester City at the beginning of June after learning of Vardy's initial release clause in his £70k per-week contract. But with the price now inflated to £30m, it is believed the Frenchman is reconsidering his options.
The original agreement in Vardy's contract is understood to state that the release clause had to be triggered by a Champions League club by June 3rd.
#Calciomercato | #Vardy, l'#Arsenal può pagare la clausola: ma serve l'ok del giocatore https://t.co/3vUIk8xVjA
And given that Wenger wanted to tie up the transfer before the start of Euro 2016, it would be a huge disappointment for him to know Vardy's personal hesitation is what led to the extra £10m being added to the fee.
Including contract agreements, the original price for Vardy's transfer was close to £47m. However with the transfer fee soaring higher still, £57m in total may be a lot higher than Arsenal are willing to climb.
The 29-year-old England striker came off the bench on Thursday against Wales to demonstrate his quality once more, by bagging the equaliser in a 2-1 victory. It was his fourth international goal in five games for the Three Lions, adding to his prolific domestic season for Leicester when he scored 24 goals in 36 league games.