Arsenal are closing in on a £40million deal for Leicester City midfielder Youri Tielemans.

But Real Madrid would be waiting to pounce on the Belgian midfielder should the Gunners fail to qualify for the Champions League.

However there is growing confidence from the player's camp and the Emirates club that Tielemans will be an Arsenal player next season, says The Sun.

Gunners boss Mikel Arteta wants to boost the quality and depth of his midfield options this summer.

Tielemans would be an upgrade on both Granit Xhaka, whose future at the Emirates is uncertain, and Mohamed Elneny, with his contract expiring this summer.

Leicester are all but resigned to selling the man whose goal won them the FA Cup last season.