Watford have told Leicester City that Troy Deeney will not be sold for any less than £30m, according to reports.
The Foxes have been heavily linked with a move for the Hornets forward to either complement or replace Jamie Vardy, who has been linked with a move to Arsenal.
According to the Leicester Mercury, however, the East Midlands club have to improve on their £25m bid to persuade Watford to agree to sell their captain.
Deeney, 27, scored 13 goals for the Hertfordshire club last season.