Man City insist on £50m buy-back option as Kelechi Iheanacho moves to Leicester City in £25m deal

Manchester City have insisted on a £50 million buy-back option for Nigerian striker, Kelechi Iheanacho, as the player closes in on his protracted move to Leicester, the Independent reports. Iheanacho had a medical at Leicester‘s training ground on Tuesday and is set to finally join Leicester for £25m in the next 48 hours after the deal was held up due to a row over image rights with his former agents.

Leicester agreed on a fee and terms nearly four weeks ago for Iheanacho and have had to be patient while the impasse with his agents was resolved.

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But with the striker now poised to officially become a Leicester player, it has emerged that Manchester City have struck an agreement which will see them given the first option to re-sign the 20-year-old if he proves a success at the King Power Stadium.

Iheanacho remains highly thought of at the Etihad Stadium, after progressing through the club’s academy, and City have inserted a clause to buy him back for £50m. Leicester were happy to agree to the clause, as they will double their money in the event of the forward proving a massive hit in the East Midlands.