Leicester City are prepared to sell England midfielder James Maddison this summer.

Maddison is a confirmed target for Newcastle, while Manchester City have also been linked as they prepare to potentially lose veteran Ilkay Gundogan.

The Telegraph says with a deal to 2024, the Foxes have one last opportunity to cash in and are demanding £50m to let him leave.

Managerless Leicester have just announced losses of £92.5million for 2021-22 and selling Maddison would ease financial pressure.

This season, Maddison has nine goals in 21 league games.