Cape Town - Leicester City striker Jamie Vardy will decide on Monday whether he will join Arsenal or stay with the Foxes.
It is understood the 29-year-old wants his future resolved before heading to France for the European Championships.
The Gunners are believed to have offered Vardy a four-year contract in the vicinity of £20m, £19m more than the transfer fee paid by Leicester to Fleetwood Town for the player back in 2012.
Leicester have reportedly made a counter-offer.
On Sunday, Olivier Giroud told Sky Sports that Vardy wanted to join the London side. Arsenal legend Ian Wright has weighed into the debate by encouraging manager Arsene Wenger to sign the Leicester City star.
The Sheffield-born striker, who until four seasons ago was playing in the third tier of English football, took the Premier League by storm in the 2015/16 season as he scored 24 goals and helped guide the East Midlands side to their maiden Premier League title.
Along the way, he broke Ruud van Nistelrooy’s record as he became the first player to score in 11 consecutive Premier League matches and was voted the Barclays Player of the Season and FWA Footballer of the Year.
His performances have earned him eight call-ups to the national squad, where he has scored thrice for the Three Lions, including an audacious back-heel against Germany in March.