AC Milan have reportedly rejected a £12m offer from Premier League leaders Leicester City for their French forward M'Baye Niang.

Leicester are believed to be in the market for a new striker this month as they bid to boost their squad for the final months of the league season.

CSKA Moscow's Ahmed Musa has been strongly linked with a move to the King Power Stadium, but according to Sky Sport Italia, Leicester launched a bid in the region of £12m for Niang.

The same report, however, claims that Milan are not interested in selling the 21-year-old, who has been with the Italian side since 2012.

Niang has scored five times in all competitions for Milan this season.