Vardy looked set to leave the King Power to join Arsenal only to change his mind late on, and he still remains at the Foxes today.
Law told the Athletic: “The deal with Leicester was done, the deal with the player was done.
“He came down to visit with his wife Rebekah, he sat on the couch in front of Arsene…and then he backed off.
“On his way back to Leicester I get a call from the player saying he wants to think about it overnight. At that point, you know it's bad news."