Leicester set asking price for Arsenal, Tottenham or Newcastle to sign James Maddison

Leicester City value James Maddison at more than £50million and hope to start a bidding war between Arsenal, Newcastle and Tottenham for the midfielder.

The Foxes were relegated to the Championship last weekend and there’s set to be a mass exodus to combat the financial effects of dropping down a division.

Maddison is Leicester’s most prized possession but he has just a year to run on his deal in the Midlands.

That leaves the Foxes in a precarious position, as teams look to exploit the 2016 Premier League title winners.

Maddison came close to joining Arsenal in 2021, while Manchester United wanted him in 2019.

There’s strong interest in him again this summer, with Arsenal once again linked as well as the likes of Tottenham and Newcastle.

Those clubs could be looking at a deal of around £35m for Maddison.

But the Mirror say Leicester want more than £50m for the playmaker and they hope to get their asking price by sparking a bidding war between Premier League clubs.

Newcastle boss Eddie Howe wants a stronger and deeper squad now that the Magpies have qualified for the Champions League.

Spurs’ creativity problem was laid bare this term and the club are desperate to add a play-making midfielder to their squad.

Arsenal have shown an over-reliance on Martin Odegaard and Maddison’s ability to play in a variety of positions appeals to Mikel Arteta.