The Algerian ace has been hotly tipped for an exit from the King Power Stadium this season, although the Telegraph claim that he will not be sold for a penny less than £50 million.
It could be argued that the fee mentioned actually represents good value for money, however, in what is currently a ludicrously inflated transfer market.
Quite where he will end up though is anyone's guess.
The Express claim that Mahrez's agents have already begun talks with Liverpool chiefs over the possibility of a January transfer, but the 26-year-old is desperate to link up with Arsene Wenger at the Emirates instead.
Following Philippe Coutinho's exit from Anfield and Alexis Sanchez's likely departure from the Emirates, the addition of Mahrez would undoubtedly be a major coup for either side.
Leicester will, of course, want to keep hold of the winger, but failing that, a bidding war between Arsenal and Liverpool for his services will have to suffice.