A fee has been agreed between Birmingham City and high flying Leicester, to see highly rated teenager Demarai Gray head to the King Power, according to BBC Sport.
Gray, 19, had a medical with the Premier League side yesterday, and was hence left out of the squad for The Blues vital 2-1 win over Brentford.
Manager Gary Rowett today revealed that the club were forced to include a buy out clause, of £3.75 million, when the highly wanted winger his 4-year-contract extension in the summer.
“In the summer we sat down with Dimmy (Demarai) and his agent – he had a year left. They were insistent that unless we put certain things into his contract to clarify the amount it would take to get him out that they would run the contract down and go on a tribunal in the summer,” he told the Birmingham Mail.
The U20 England International hasn’t had the greatest of seasons so far, hitting the back of the net only once in 26 appearances.
It has also been reported that there will be a loan-back clause in Gray’s Leicester contract, meaning that he might well stay with the Midlands side until the end of the 2015/16 campaign.