Arsenal have reportedly made an initial bid for Leicester City prodigy Jeremy Monga, but this bid has been rejected.
However, the Telegraph reports that the Gunners and Foxes are widely expected to reach an agreement on the final fee.
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Monga is highly rated and has interest from other clubs, but the Telegraph claims Arsenal are his preference, and it appears the north London giants are already planning pre-season for the 16-year-old.
Arsenal are said to have decided to sign more young players this summer, with the aim of developing players whose value could significantly increase.
Jeremy Monga likely to make a major move to Arsenal
Monga looks like he has a big career ahead of him and a move to the Emirates Stadium should be a good step up in his career.
There is no doubt that Monga is too good to continue playing for Leicester, which are in a bit of a crisis after suffering back-to-back relegations in the Premier League and Championship over the past two seasons.
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That means Leicester will remain in League One next season, so Monga is unlikely to be the only sale.
Arsenal fans will be hoping this means their pursuit continues in a positive direction, even if they initially suffer a setback.
However, it is worth noting that a rejected bid is not a clear message that Leicester are not selling, and could be part of the normal negotiation process, although this seems unlikely.
The Telegraph’s report did not say how much AFC had offered or how much the asking price would have to increase to convince Leicester to sell, but those details are likely to emerge soon.

