Leicester City vice-chairman Aiyawatt Srivaddhanaprabha has backed striker Jamie Vardy to remain at the Premier League champions.
Earlier this month, Vardy opened talks with Arsenal after the Gunners met his £20m release clause, but after the forward failed to give Arsene Wenger an answer before he departed for Euro 2016 with England, reports emerged that he was leaning towards staying at the King Power Stadium.
Both clubs still await an answer from the 29-year-old but Srivaddhanaprabha thinks that last season's top goalscorer will turn down a switch to North London.
He told the Daily Mail: "You will see the news very soon but I think he will stay.
"I think, so let's see. We need to build the team. We keep continuing to believe that we can do something special in the Premier League and the Champions League.
"The Champions League is going to be amazing for Leicester, so let's see. Leicester is the underdog and we can still be the underdog."
On Thursday, Vardy scored in England's 2-1 victory over Wales at Euro 2016.
