Leeds United have accepted an undisclosed offer from Championship rivals Leicester City for Kasper Schmeichel. Leeds attempted to discuss the possibility with Schmeichel's agent over a possible extension to his current deal once the season ended, but they felt an agreement would be unlikely.
"We feel this is the right deal for the club," Leeds boss Simon Grayson told the club's official website.
"We spoke to Kasper's agent at the end of the season about a contract extension and it was apparent that it was going to be difficult to agree a deal.
"Given the fact he has one year remaining on his contract we feel this is in the best interests of Leeds United. "