By Alex Stevens

Liverpool have been installed as the favourites to sign Leicester winger Demarai Gray in the wake of Claudio Ranieri’s exit.

The Premier League champions announced on Thursday night that Ranieri had been sacked as manager just nine months after steering the club to astonishing title glory.

The Merseysiders and Tottenham are among the clubs who have been strongly linked with a summer swoop for exciting wide man Gray.

Sky Bet price Liverpool as the 5/1 favourites to land Gray, ahead of Spurs, who are 10/1 to prise the 20-year-old from the King Power Stadium before September of this year.

Third favourites Everton are a distant 28/1 in the betting for a player who only joined Leicester from Championship outfit Birmingham in January of last year.

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Gray has been given increasingly more game time by Leicester this season but is still yet to establish himself as a regular starter.

He has made 30 appearances in all competitions, scoring three goals and supplying four assists, but has been given just six Premier League starts.

In other Liverpool transfer news, Tottenham miss out as the Merseysiders are to seal a mega-money playmaker deal within days.

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