Leicester City rejects Arsenal's £5m bid for Jeremy Monga

Leicester City has turned down Arsenal's £5 million offer for 16-year-old winger Jeremy Monga. The proposal included a 10 percent sell-on fee, but Leicester insists on a higher ask of £10 million and a 15 percent sell-on fee. While Arsenal manager Mikel Arteta is interested in bringing Monga to the Emirates Stadium, other clubs such as Manchester City and Chelsea are also monitoring his situation. A transfer tribunal may be needed if an agreement is not reached, but Arsenal prefers to negotiate directly with Leicester. Further discussions are anticipated in the near future.

• 9:30 AMYahoo Sports — Leicester City reject Arsenal’s £5m bid for attacker Jeremy Monga
• 9:05 AMYahoo Sports — Leicester City reject Arsenal’s £5m bid for Jeremy Monga