Nigerian forward Kelechi Iheanacho is set to complete a £29m move from Manchester City to Leicester City on Thursday.
The 20-year-old is set to sign a four-year contract with the Foxes, which will double his current wages and make him the highest-paid Nigerian footballer.
The deal has been in the works for a while as Manchester City weren’t interested in letting him go without inserting a buy-back Clause.
All that has now been sorted out as Leicester will pay Man City an initial fee of £22.5m for his services. They have also agreed on a buy-back clause of £37.5m for the first four years of his stay with the former Premier League champions.
However if they qualify for the Champions League during Iheanacho’s first four years at the club and City want to exercise their buy back option, a fee of £50m has been agreed between both parties.
The Nigerian forward earlier this week resumed pre-season training at Manchester City amidst rumours about his future.
Reports also broke out yesterday that Tottenham Hotspur are poised to hijack his move to Leicester City with a bid. Spurs feel they may have a chance of hijacking the deal due to City’s interest in right-back Kyle Walker.
Iheanacho is expected to link up with fellow Countrymen Wilfred Ndidi and Ahmed Musa at Leicester City