Leicester have rejected a second offer from Newcastle for midfielder James Maddison - with the latest proposal made at just over £40m.
The Magpies saw their opening £40m bid rejected at the weekend and the latest offer was understood to be over that figure.
Leicester are believed to value Maddison, who joined the Foxes for £24m from Norwich in June 2018, at closer to £60m.
Newcastle are now deciding whether to return with an improved offer or focus on other targets.
If Newcastle were to complete a deal for the Foxes midfielder, Maddison would become the club's record signing - eclipsing the £40m they paid Hoffenheim for Joelinton in July 2019.
Maddison scored 18 goals and provided 12 assists in 53 appearances in all competitions for Leicester last season.
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