Fleetwood Town will be due a windfall if Leicester City sell Jamie Vardy.

Sky Sports says Fleetwood will receive a "substantial" pay-out if former player Vardy is sold by Leicester City.

The Sky Bet League One club have confirmed they will benefit thanks to a sell-on clause in Vardy's contract, but have not revealed what percentage they would receive.

Vardy joined Leicester in 2012 for a fee thought to be in the region of £1million.