By Kevin Phillips

8th Aug, 2021 | 6:00pm

Arsenal could be spending 'a hell of a lot of money' on Maddison after Sky reveal - Phillips

Kevin Phillips has claimed £60-70million is “too much” for Arsenal to pay Leicester City for James Maddison.

Speaking exclusively to Football Insider, the former Foxes coach and player said he would be “very surprised” if a deal went through in this window.

Sky Sports revealed on August 5th the Gunners remain interested in signing the attacking midfielder, who is said to be “open to the idea” of a move.

It would reportedly cost Mikel Arteta’s side in the region of £60-70million to sign Maddison this summer.

He has three years remaining on his contract at the King Power Stadium.

When asked by Football Insider‘s Dylan Childs if Maddison was worth £60-60million, Phillips said: “No, £65million is too much.

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“It’s a hell of a lot of money if you ask me. I think £50million for White was too much but it seems to be the going rate for a good English player these days.

“I’d be very surprised if Leicester let him go. They can offer him just as much money as Arsenal can and let’s be honest, Leicester probably stand more chance of winning something than Arsenal.

“I can understand why Arsenal want him. Arteta is building something and Maddison would certainly help them because he is an amazing player.

“I cannot see it happening though, unless the player is desperate to go and kicks up a fuss.

“Let’s not forget, Jamie Vardy turned down Arsenal a few years ago. I’d be surprised if they get a deal for Maddison over the line”

In other news, Kieran Maguire delivers Arsenal takeover verdict as ‘huge’ £700million Kroenke case looms.