Islam Slimani's impressive form on loan at Monaco could see Leicester City lose their former record signing for as little as £7.8m, Sky Sports News has been told.
It is understood the Ligue 1 club has an option to buy the Algeria striker and sources abroad say the fee is a quarter of the £29m Leicester paid for him in 2016.
However, insiders at the Premier League side dispute claims the fee is so low and are expecting considerably more for a player who has outscored Neymar and Memphis Depay in the French top-flight this season.
Slimani, who has earned rave reviews for his performances at the Ligue 1 club, has scored five goals and set up another six in seven games.
His most recent strike, converting a Cesc Fabregas pass on Sunday, helped Monaco beat Rennes 3-2 and move out of the relegation zone.
Slimani is currently on a season-long loan from Leicester, where he netted 13 times in 46 matches, and his contract expires in 2021.