Arsenal are set to face competition from West Ham United in the pursuit of Celtic striker Odsonne Edouard.
Edouard has been with the Hoops for four seasons, but he is expected to leave them this summer after turning down a new deal.
The Gunners have been closely monitoring his situation, but Football Insider claims that the Hammers have also stepped up their interest.
The east London outfit have hired agents in order to push through a summer move for the Frenchman, who was previously with PSG.
Edouard was valued at around £20m last summer, but he could be available for just £8m with his contract expiring in 14 months.
Iheanacho has been in exceptional form for the Foxes in recent months. He has bagged 10 goals in his last seven appearances alone.
The Nigerian was recently handed a fresh long-term deal for his progress.