It was widely reported last week that Arsenal boss Arsene Wenger had activated the 29-year-old's £20 million release clause with the Premier League champions - a move that did not, and still doesn't, make a great deal of sense, given Wenger's frugal approach.
However, it was reported by ESPN on Thursday that the striker was leaning toward signing a contract extension with the Foxes, having netted 24 times to help them seal a fairytale title this past season.
With the England international still considering Arsenal's offer, Dixon says that such an instance is symptomatic of the way football is these days, suggesting that a move to the Gunners would have been a no-brainer once upon a time.
I just think it's a sign of the times all round that JV is considering the offer made by AFC. There was a day when The Arsenal was enough— Lee Dixon (@LeeDixon2) June 6, 2016
It does perhaps say something about Arsenal's pulling power - or lack of - these days when Wenger's hand was not snatched off by Vardy following the offer.