Manchester City are demanding a buy-back clause in their sale of Kelechi Iheanacho.

The Telegraph says City boss Pep Guardiola is prepared to let the highly-rated 20-year-old leave the Etihad Stadium this summer, but wants an insurance policy.

Leicester are known to be interested in the young Nigerian and were reported to be preparing a £25million bid to lure Iheanacho to the King Power Stadium.

It has known for a while that Man City would insist on a buy-back clause in any transfer deal with a figure set at £10m.