Kelechi Iheanacho Manchester City get £50m buy-back clause for striker

Leicester City have quickly agreed to put a buy-back clause for Manchester City which will cost £50m.

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Kelechi Iheanacho play Kelechi Iheanacho is on the verge of joining Leicester City (Manchester City FC/Press Association Images)
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Manchester City eventually got £50m buy-back clause for striker Kelechi Iheanacho who is on the verge of completing a move to Leicester City.

Iheanacho on Tuesday, August 1 had his medicals ahead of a £25m move to Leicester City.

Kelechi Iheanacho play Kelechi Iheanacho has had medicals ahead of a move to Leicester City (Twitter/Wayne_Gredziak‏ )

ALSO READ: Iheanacho to play as a second striker at Leicester City

Although the striker agreed personal terms with Leicester City some few weeks ago, the move had stalled due to a disagreement over a buy-back clause for Manchester City and a legal tussle with the player and his former management Eleven Management.

With his battle with Eleven Management settled, Leicester City quickly agreed to put a buy-back clause for Manchester City which will cost £50m.

Manchester City have high hopes in Iheanacho who graduated from their academy and insisted on a buy-back clause so they can get him back if he impresses at Leicester City.

Pep Guardiola and Kelechi Iheanacho play The buy-back clause means Manchester City will have to pay £50m if they want to re-sign Kelechi Iheanacho. (Catherine Ivill - AMA/Getty Images)

 

Although Leicester had concerns about a buy-back clause for a fixed amount, they finally agreed on a price of £50m with Manchester City.

Leicester City beat the likes of Tottenham, West Ham and Monaco to the signing of the 20-year-old and are happy with the buy-back clause which would see them get double the amount they pay for him.

The 2016 Premier League champions are looking to complete Iheanacho’s signing in 24 hours.

Leicester City boss Craig Shakespeare is hoping Iheanacho will be available for their opening day trip to Arsenal on Friday, August 11.

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