The report further suggested that Maddison is “at the top of the transfer list” at the Emirates this summer.
The player is also believed to be “keen” on a move to four-time Premier League and 14-time FA Cup winners.
It is still unknown as to which Arsenal player has been offered as a makeweight. Brendan Rodgers have thrown admiring glances at Ainsley Maitland-Niles and Joe Willock but have not made any official offer for any player.
While the likes of Eddie Nketiah and Reiss Nelson are also believed to be on the market.
The Gunners are unwilling to pay a fee upwards of £60m and consequently will hope that Leicester accept their approach of a player plus cash deal.
As soon as the news came out, there was a feeling of excitement on Twitter. Many fans pointed out how the club still haven’t lost their “appeal” despite not qualifying for continental football this summer.
While others said that Leicester should be keeping a close eye on Maitland-Niles’ penalty compilations on YouTube, which according to Arsenal fans, is one of the most satisfying things there ever has been.