Sources: Leicester City 'fire sale' as they pave way for mass exodus of first-team players

Leicester City are set for a "fire sale" of all of their first-team stars in the final weeks of the transfer window, sources have told Football Insider.

The Foxes' financial situation has become increasingly concerning following their relegation to League One, with King Power now having put the club up for sale.

Leicester also need to dramatically decrease their wage bill and will listen to offers for all of their first-team players before the early September deadline with a mass exodus on the cards.

Abdul Fatawu, Jeremy Monga and a number of others have already left Leicester this summer, but there will be many more to follow in the next three weeks.

Russell Martin will be asked to deal with what is left over at the end of the summer, with there likely to be a heavy reliance on young players.

Manchester United and Arsenal are said to be among those interested in Louis Page, while the likes of Luke Thomas, Harry Souttar and Caleb Okoli are also likely to leave.

Leicester have made signings this summer - Admiral Bristric and Wes Burns as permanent signings joined by a number of free transfers and loans - but the remainder of their window appears to be focused on exits.

Who could leave Leicester City?

While Leicester endured a horrific campaign in the Championship, several sellable assets remain at the King Power Stadium.

Fatawu and Monga were bound to leave with the former having scored nine goals and assisted seven, securing himself a move to newly-promoted Premier League side Ipswich Town in a deal worth £20million.

Monga, too, is among the youngest top flight players of all time and eventually signed in a £12.5m move to Manchester City after talks with Arsenal hit an impasse.

Leicester could well generate a similar fee for Page, who is a highly-rated talent and of significant interest in the Premier League.

Moves could also come for the likes of Stephy Mavididi, Bobby De Cordova-Reid, Michael Golding, Oliver Skipp and several others, with Martin forced to play a waiting game.

Leicester placed up for sale

King Power and the Srivaddhanaprabha family have been in charge of Leicester since 2010, but have now placed the club up for sale.

Chairman Vichai Srivaddhanaprabha was incredibly loved, overseeing the miracle 2015-16 Premier League winning season, and his untimely death in a 2018 helicopter crash left a unmistakeable hole in the club.

His son, Aiyawatt, took over as chairman but in recent years, the club has been on a downward trend.

King Power are reportedly inviting offers for more than £200m to buy the club in the coming months, as they struggle with the financial burden.