Danish club FC Copenhagen say they have reached an agreement with Premier League club Leicester City for the transfer of defender Daniel Amartey.
Copenhagen reveals they have accepted a bid for the 21-year-old and the deal will be finalised once he finalises personal terms and completes a medical.
Sky Sports News is reporting the deal to be in the region of £3.5million after the club reported the deal to the Danish stock exchange.
The club's chief executive Anders Horsholt said they enjoyed having the player at the club, but admitted they would never stand in a player's way when a club from one of Europe's top leagues showed an interest and even admitted grooming players to be sold for a decent profit was part of their strategy.
"We cannot turn down a transfer of this size because generally speaking, it is the best outcome for FC Copenhagen," he said.
"We have been very happy to have Daniel here but it is part of our strategy as a club and a company to develop players to a level where they get so attractive that clubs from the biggest leagues will buy them for large sums of money."
Once the deal is completed, Amartey will become Claudio Ranieri's second January signing after Demarai Gray arrived from Birmingam for a reported £3.75m just under two weeks ago.