Jamie Vardy starred in the first-half
Jamie Vardy has extended his deal at Leicester for a further four yearsGetty Images

Leicester City striker Jamie Vardy has agreed a new deal with the Premier League champions, thereby ending any possibility of him joining Arsenal this summer. The 29-year-old star was the subject of a bid from Arsenal earlier this month, but he has instead committed his future to the King Power Stadium, extending his current deal by four years.

Arsenal boss Arsene Wenger had hoped to complete a move for the player prior to the star of Euro 2016, having agreed to meet his £20m ($29.6m) release clause. But the Premier League-winning forward has opted to shun their interest in favour of staying with the Foxes.

"Both parties hope that this announcement will end recent speculation regarding Jamie's future and confirm his long term commitment to Leicester City Football Club," a statement from the club read in reference to Arsenal's interest. "Jamie will continue to focus all of his efforts on trying to achieve success with the England team at the European Championships in France."

Leicester added that there will be no further comment from either the club or the player until the conclusion of Euro 2016. The announcement comes shortly after Vardy declined the chance to discuss Arsenal's offer during a recent press conference in France.

"I'm just here completely focusing on England and that's all I want to do at the moment," Vardy said when asked about Arsenal's offer. "We're here to represent England and that's all I want to think about."