Leicester have rejected Newcastle’s latest offer for James Maddison and are reluctant to sell the midfielder unless they receive a bid of about £60m.
It is understood Newcastle’s second bid for Maddison, who has two years left on his deal, was £45m plus £5m in add-ons. Brendan Rodgers has said Leicester, who need to raise their transfer budget through sales, will not be exploited by Premier League rivals hoping to capitalise on their financial situation.