Manchester City and Manchester United have told Leicester they are prepared to pay £65m for Harry Maguire, Sky Sports News reports.
Talks between both Manchester clubs and Leicester have been ongoing for several weeks but as yet a deal is no closer to being agreed.
Maguire is understood to be happy at Leicester and won’t attempt to force a transfer, but is open to the idea of a move to one of the Premier League’s leading six sides.
Leicester’s position has always been that they have no desire or need to sell and would only consider a bid in excess of the £75m world-record fee paid by Liverpool for Virgil van Dijk.
Maguire has become one of the hottest properties in this summer’s transfer window after his performances for Leicester and England.