Arsenal were believed to have an interest in the Leicester wide-man with the Leicester Mercury reporting a £5 million bid was in the offing last month.
A move never materialised and the Ghanaian today signed a new four-year deal, as reported on the club’s official website.
The 22-year old gave some insight into the reasoning behind his contract extension and his hopes for next season.
I’m absolutely delighted to sign for a club that is seriously going places,” Schlupp told lcfc.com.
“I’ve been here a long time, I know a lot about the city and the club and I’ve always felt settled in Leicester. It’s a really good environment for a young player to learn and improve your game.
“I want to play as much as I can in the next four years so it’s all about settling down and getting games under my belt.”
Securing Schlupp’s future could turn out to be the best piece of business Nigel Pearson manages all summer. At 22-years old, the winger’s adaptation to the Premier League has been exceptional, featuring in 31 of Leicester’s 38 Premier League games and looking dangerous throughout.
If he can carry last season’s form into the next campaign and beyond, the Foxes can expect to be fighting off plenty more suitors in the future.