The Gunners are yet to appoint a permanent replacement for Unai Emery, who left north London last week.
It is understood that club are keen on Rodgers, but the Foxes are willing to are willing to offer the 46-year-old an extra £5 million per season to convince him to stay, taking his total salary to £10 million plus bonuses.
Are Arsenal likely to land Rodgers?
All the signs would suggest not.
The 46-year-old is doing a stellar job at Leicester at the moment, and it’s hard to see him walking away from such an exciting project so soon after putting pen to paper on a long term deal at the club.
Moreover, Rodgers himself has stated that he is happy at the King Power, as per The Guardian, and while you would expect him to say something to that effect instead of agitating for a move, it feels as if he is being fairly sincere.
From a financial point of view, this pay rise, should it happen, could finish Arsenal’s interest off too.
The Gunners haven’t exactly been flush in recent seasons, and while they may be willing to push the boat out to get the right man, you can’t imagine them being too keen on getting tied up in a bidding war for a candidate.
It’s a shame, because Rodgers is something special, but right now, he feels too far out of reach.