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Published 13:17 4 Jun 2016 BST
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With guaranteed Champions League football with Leicester next season, Vardy hardly needs a move, but he turns 30 in January and will know that the opportunity to play for a club of Arsenal's stature may not present itself again.
Roy Hodgson does not want any of his squad distracted by negotiations or medicals while they are on international duty, and it's reported that Arsenal were told last month that Vardy wants a four-year deal worth more than £100,000 a week.
It's certainly not a move that anyone expected to happen – Vardy committed his future to Leicester by signing a contract extension in February – but if it materialises it would represent yet another remarkable twist in the tale of Jamie Vardy's meteoric ascent through the ranks of English football.

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