Real Madrid are considering rivaling Arsenal for Leicester City midfielder Youri Tielemans.

The Sun says Arsenal are closing in on a £40million deal for Tielemans.

But Real Madrid would be waiting to pounce on the Belgian midfielder should the Gunners fail to qualify for the Champions League.

However there is growing confidence from the player's camp and the Emirates club that Tielemans will be an Arsenal player next season.

Gunners boss Mikel Arteta wants to boost the quality and depth of his midfield options this summer.

Leicester are all but resigned to selling the man whose goal won them the FA Cup last season.