IT’S the transfer bombshell of the European summer so far – and we haven’t even made it to the start of Euro 2016.

Here is the latest on Jamie Vardy’s proposed Arsenal move as of Monday morning AEST.
TIMELINE
The only delay in the striker’s deal going through was that Leicester asked him to wait 24 hours so they could make a counter offer, the Mirror reports, while The Sunday Telegraph suggested the Foxes have thrown more money at the striker in an attempt to keep him at King Power Stadium.
But it looks like Monday morning in England will see a decision made, suggests the BBC, especially as England depart from Luton airport for France at 11.30am.
ANALYSIS: Is Vardy actually a good signing for Arsenal?

THE VARDY DECISION: The burning questions as he weighs up huge call

Gunners set sights on VardyGunners set sights on Vardy0:25
Arsenal have reportedly made it clear that the £20m release clause will be met, and Vardy’s four-year deal will net a handsome pay increase, roughly doubling his weekly wages to £120,000 a week.
Now it seems it is simply up to Vardy to sleep on it and make a final call.
Vardy’s wife has also made it pretty clear that a decision is being weighed up.

Arsenal need to wrap up the deal before Vardy jets in to join Roy Hodgson’s England squad in France on Monday.

The Gunners are equally as desperate for the deal to be done before Euro 2016 in case the striker stars at the tournament, which will only heighten demand and increase the asking price.
Considering Wenger has been linked with a £46m move for Alvaro Morata, luring Vardy, a proven EPL goal scorer, for half that price would be an incredible piece of business.
WHAT WILL LEICESTER DO IF HE GOES?
After Claudio Ranieri confirmed the speculation on Sunday, and Olivier Giroud weighed in on a prospective rival for his spot, it appears Leicester need to start planning for the future.
Giroud said: “I have been told that Jamie wants to join us and it’s very good news for us. I think we can be complementary and that’s all I can say.
Leicester City’s Italian manager Claudio Ranieri (C) with Jamie Vardy and Leicester mates.

Leicester City’s Italian manager Claudio Ranieri (C) with Jamie Vardy and Leicester mates.Source: AFP

“He’s a fantastic player, so it’s good news for us.”
The widespread report on Monday is that the club is readying a £10m move for Watford’s Troy Deeney, while The Sun adds that £25m Sporting Lisbon striker Islam Slimani is also being tracked.
The concern now has to turn to the club’s ability to keep Riyad Mahrez and N’Golo Kante, despite being in the Champions League next season.
Over the weekend, Frenchman Kante said: “I am a Leicester player.
“For now, I have not taken a decision even if I have been made offers.
“It will be great to play in the Champions League. I will decide my future after the Euros.”
FLEETWOOD TOWN CELEBRATING
The League One club, who sold Vardy to Leicester in 2012 for £1m, will snare £6.8million if he moves to Arsenal, thanks to a sell-on clause included in his deal, reports The Sun.
Vardy only signed a new deal with Leicester in February, which ran until 2019 but was worth just over £60,000-a-week.
ARSENE WENGER’S STATEMENT OF INTENT
Should Vardy move, it will be Wenger’s second big money signing for 2016-2017 already, after Granit Xhaka signed for £30m a few weeks ago.
Given Wenger has made three signings over £20m since 2004 – Manchester City have made 18, Chelsea 16, United and Liverpool 12, for example – it signals a major shift in his stance and a willingness to go for broke to make that final step up needed to re-claim the Premier League.