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Just a decade after completing one of football\u2019s greatest fairytales, Leicester City\u2019s extraordinary decline has taken another turn with a deadline reportedly set in the race to buy the former Premier League champions.<\/p>\n
And there could be more change coming, with Socceroos captain Harry Souttar in talks over a potential move away as an ambitious club circles.<\/p>\n
Catch up on all the latest Transfer Whispers!<\/i><\/b><\/p>\n Get all the latest football news, highlights and analysis delivered straight to your inbox with Fox Sports Sportmail. Sign up now!!!<\/a><\/b><\/p>\n LEICESTER SALE RACE HEATS UP AMID STUNNING FALL<\/b><\/p>\n Leicester City\u2019s dramatic decline could soon be followed by a major change off the pitch, with prospective buyers reportedly given a deadline to submit offers for the club.<\/p>\n According to transfer journalist Ben Jacobs, interested parties have until September 14 to lodge their offers, with Leicester\u2019s portfolio valued at more than \u20ac230 million (A$373m), excluding inherited debt.<\/p>\n A consortium led by Scottish-Indian businessman Neil Lal is among the groups reportedly in active talks as the race to purchase the Foxes intensifies.<\/p>\n A successful sale would bring an end to the Srivaddhanaprabha family\u2019s 16-year ownership of Leicester.<\/p>\n It comes amid an extraordinary decline for the club just a decade after one of the greatest achievements in English football history.<\/p>\n Leicester stunned the football world by winning the Premier League in 2016, but consecutive relegations have since sent the Foxes from the Premier League through the Championship and into League One.<\/p>\n Their difficult start to life in the third tier has continued the slide, with Leicester taking just one point from their opening two league matches and already exiting the EFL Cup.<\/p>\n Now, with the club reportedly on the market and a deadline set for prospective buyers, another significant chapter in Leicester\u2019s remarkable recent history could be approaching.<\/p>\n WREXHAM EYE BLOCKBUSTER SOCCEROOS SWOOP<\/b><\/p>\n Wrexham are reportedly in talks over a stunning move for Socceroos World Cup captain Harry Souttar.<\/p>\n According to reporter Anthony Joseph, Wrexham have opened discussions with Leicester City over the Australian centre-back, although negotiations remain at an early stage.<\/p>\n Leicester are believed to value the 27-year-old at around \u00a310 million (A$19m), a price tag that has reportedly deterred several interested clubs from making a move this summer.<\/p>\n However, Wrexham have now emerged as a potential destination for Souttar as the ambitious Welsh club explores another significant addition.<\/p>\n Souttar\u2019s future at Leicester has been the subject of speculation throughout the transfer window, with the towering defender potentially available should the club\u2019s valuation be met.<\/p>\n A move to Wrexham would see one of Australian football\u2019s biggest names become the latest high-profile addition to the club\u2019s remarkable rise.<\/p>\n ALVAREZ TURNS TO ARSENAL AS BARCA DOOR SLAMS SHUT<\/b><\/p>\n Juli\u00e1n \u00c1lvarez is reportedly beginning to consider a move to Arsenal after accepting Atl\u00e9tico Madrid will not sanction his preferred transfer to Barcelona.<\/p>\n According to Spanish outlet Marca, the Argentine is now considering Arsenal as an alternative, with the Premier League club remaining attentive to his situation should he open the door to a move.<\/p>\n Until now, \u00c1lvarez had reportedly indicated Barcelona as his desired destination.<\/p>\n The latest development comes amid an increasingly public battle between Barcelona and Atl\u00e9tico over the forward\u2019s future.<\/p>\n Barcelona president Joan Laporta has openly confirmed his club\u2019s interest and revealed an offer remains on the table.<\/p>\n \u201cWe are still very interested in Juli\u00e1n \u00c1lvarez,\u201d Laporta said.<\/p>\n \u201cWe would like our offer to be accepted, and we are doing so with the utmost respect for Atl\u00e9tico de Madrid.\u201d<\/p>\n Laporta went further by making it clear Barcelona are ready to move should Atl\u00e9tico agree to sell the Argentine before the transfer window closes.<\/p>\n \u201cLet Atl\u00e9tico Madrid know that, if they are willing to sell Juli\u00e1n \u00c1lvarez during this summer transfer window, we would be ready to buy him,\u201d he said.<\/p>\n \u201cThis provided we can reach an agreement around the offer we have made to them.\u201d<\/p>\n Laporta also revealed he personally contacted Atl\u00e9tico chief executive Miguel \u00c1ngel Gil over the proposal and claimed Barcelona had received information suggesting the Madrid club wanted to sell \u00c1lvarez.<\/p>\n Lions roar into Australia Cup semis | 00:35<\/p>\n \u201cIt\u2019s clear that our offer remains valid until the end of the market,\u201d Laporta said.<\/p>\n Atl\u00e9tico, however, responded emphatically to those comments, insisting there is no prospect of \u00c1lvarez being sold to their La Liga rivals.<\/p>\n \u201cThere is a 0% chance of selling Juli\u00e1n \u00c1lvarez to Barcelona,\u201d Atl\u00e9tico told Marca.<\/p>\n \u201cThe player is being portrayed as the victim, but the only victims of the Juli\u00e1n saga are us.<\/p>\n \u201cThis is about dignity.\u201d<\/p>\n Atl\u00e9tico also claimed the saga had damaged the club \u201ceconomically and socially\u201d and accused those surrounding the situation of spreading \u201cmany lies and half-truths\u201d.<\/p>\n However, that stance reportedly does not extend to other potential buyers.<\/p>\n According to Argentine journalist Gast\u00f3n Edul, Atl\u00e9tico have placed a \u20ac150 million (A$243m) price tag on \u00c1lvarez and are prepared to consider offers from any club other than Barcelona.<\/p>\n That potentially opens the door for Arsenal, with \u00c1lvarez reportedly beginning to accept that his desired move to the Catalan giants will not happen and considering the Gunners as another option.<\/p>\n Arsenal have remained attentive to the situation but, according to reports, their interest depends on \u00c1lvarez indicating he is prepared to consider a return to the Premier League.<\/p>\n \u00c1lvarez was also absent from Atl\u00e9tico training due to illness after feeling unwell, according to Marca, although there has been no suggestion his absence was related to the ongoing transfer situation.<\/p>\n With Barcelona effectively blocked and Atl\u00e9tico reportedly willing to consider a \u20ac150m offer from elsewhere, Arsenal could now have a clearer path to \u00c1lvarez should the Argentine decide to open the door to a move.<\/p>\n READ MORE<\/i><\/b><\/p>\n FIFA FALLOUT LATEST: Huge Infantino twist as UEFA set for boycott backflip… and football legends rally behind FIFA boss<\/a><\/i><\/b><\/p>\n