Premier League giants Manchester United have reportedly been priced out of a move for Leicester City defender Harry Maguire.

The Red Devils had earlier made Harry Maguire their top defensive transfer target this summer but it seems like the fallen English giants have been priced out of a move for the England international player.

According to the Daily Mirror, Manchester United have exited the race to sign Harry Maguire mainly due to the financial demands from Leicester City.

It was revealed that the Foxes are demanding a world-record fee of £100m including £10m in add-ons while the player is valued at £60m.

The new development means that Manchester City are now the overwhelming favourites for the 20-cap England international player though it remains to be seen whether the Premier League champions will be ready to meet the demands of Leicester City officials.

Manchester City were willing to pay £65m for Harry Maguire in their search for a replacement for former club skipper Vincent  Kompany who had left the club upon the expiration of his contract.

Kompany left Manchester City earlier this summer to take up the role of a player/manager at former club Anderlecht.

He was unveiled as the new Anderlecht manager earlier this week.

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