The English striker, currently on international duty to represent his national side in Euro 16, has been the subject of a £20 million bid from fellow Premier League club Arsenal which triggered the release clause in the player’s contract and appeared to be heading to North London club few weeks ago.
However, the situation has changed dramatically since and the 29-year-old now remains unsure over his next move.
Agreeing personal terms with Gunners remains the only tumbling block in his move to Emirates this summer but Leicester City have reportedly offered the striker a new contract worth around £120,000-a-week over the next four years and the clubs’ vice-chairman is hopeful that he will stay at the King Power stadium next season.
Speaking to the Daily Mail, Srivaddhanaprabha said: “You will see the news very soon, but I think he(Jamie Vardy) 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. Leicester is the underdog and we can still be the underdog.”
Vardy played a key role in Foxes’ unthinkable Premier League triumph last season, netting 24 league goals and breaking 13 year-long record to score in 11 consecutive Premier League matches along the way.
The former Fleetwood Town striker came off the bench at half-time in England’s first win at Euro 16 against Wales last week and scored the equalizer for his country to continue his extraordinary campaign.
When quizzed about his future ahead of England’s match against Slovakia, Vardy said: “No, nothing at all. I’m just here focused on England and that’s all I want to do.
“That’s how I want to be and how I want to stay focused. We’re here to represent England and that’s all I want to think about.”
Vardy and the Three Lions will head into their final group stage match against Slovakia on Tuesday as favorites to top Group B and reach the quarter finals of Euro 16.