Arsenal manager Arsene Wenger has wished Jamie Vardy "good luck" after the Leicester City striker opted to reject a move to the Emirates.

The 29-year-old, who is currently competing for England at Euro 2016 in France, was thought to be considering a switch to North London after the Gunners triggered a £20m release clause in his contract.

However, Leicester announced on Thursday that Vardy, who scored 24 goals in the Foxes' Premier League title-winning campaign last season, has agreed a new four-year deal.

During his punditry duties for beIN Sports, Wenger reacted to the news by saying: "I think Leicester have made a statement and Vardy will stay. We were on the case and interested, but not more than that.

"He has decided to stay at Leicester and good luck to him. He came late to the game and in fairness Leicester bought him from Fleetwood and he has been successful. He is 29 and he has chosen to stay at Leicester. You have to respect that."

Vardy will put pen to paper on the deal after Euro 2016.