Report: Leicester City striker Jamie Vardy has £30m release clause in contract

Jamie Vardy Warm Up

Jamie Vardy is reported to have a release clause in his Leicester City contract, but will he snub chances to sign Chelsea or Manchester United?

Leicester City striker Jamie Vardy has a release clause of £30 million in his contract, The Times report.

Vardy, 29, signed a new deal earlier this year, and the clause was reportedly inserted by Leicester's choice as opposed to the player's.

Chelsea, Manchester United and Tottenham are all cited in The Times as holding tentative January interest in the striker, and the Foxes plan to respond to any offers by simply pointing towards the clause and demanding the club pays up.

The money is a lot for a 29-year-old who it could be argued is peaking this season, while it is fair to wonder why Vardy would choose to leave Leicester in the summer for a Chelsea or Manchester United side which will not - as it stands - be playing Champions League football this season.

Vardy looks likely to go to Euro 2016 this summer, and strong performances there could be the biggest danger to Leicester with regard a club deciding to activate his release clause.

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