LEICESTER CITY are set to reward Jamie Vardy with a new three-year deal for his part in the club's Premier League survival.
The Foxes signed the Vardy from Fleetwood Town in 2012 for a non-league record fee of £1million.
The striker initially struggled at the King Power Stadium, but has scored 21 goals over the last two seasons to lead the club to the Championship title and maintain Premier League status.
His impressive form this term has since attracted the attention of Aston Villa boss Tim Sherwood, who is understood to be considering a £15m bid.
However, Leicester are prepared to offer 28-year-old - who recently received his first England call-up - a lucrative three-year deal.
Foxes boss Nigel Pearson has made it clear that he is only interested in strengthening his squad in the summer, and that involves keeping his key players.
West Brom and Stoke City were reportedly interested in the 28-year-old last January, with the former believed to have had a £7.5m bid knocked back.