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The Gunners may have the chance to secure a promising young talent at a cut-rate fee.

Leicester City’s campaign has been nothing short of disastrous, with their drop to League One marking a new low for a team that lifted the Premier League trophy a decade ago.

Manager Gary Rowett has been unable to halt the decline, and the Foxes will now compete in the third tier for just the second time in their history.

Despite the gloom surrounding the King Power Stadium, a few bright prospects have emerged this season.

Among them is 16-year-old Jeremy Monga, who has broken into the senior side and made an impression in 25 Championship matches.

Although he has started only seven of those fixtures, contributing one goal and two assists, Monga has shown enough promise to attract serious attention.

The teenager has been linked with a potential move to Arsenal, and Leicester’s confirmed relegation could make the transfer more straightforward for the Premier League contenders.

Financially, Leicester face mounting pressure after drawing down their remaining Premier League parachute payments earlier this year by taking a bank loan against future revenues.

This situation could force the club to sell key players to reduce expenses and generate funds, especially as several of their top performers look likely to seek moves back to higher divisions.

Monga, though still somewhat untested, is one of the few assets the Foxes could profit from.

However, their weakened bargaining position means rival clubs are expected to take advantage of the situation.

Arsenal, along with Manchester City and Manchester United—both also reportedly monitoring Monga—are now believed to view this as an opportunity to secure a highly rated youngster for a modest price.

Should Leicester manage to keep hold of Monga for the upcoming season, he would almost certainly play a crucial role in their League One promotion push.

Should he stay and help the Foxes return to the Championship, his market value is likely to climb again—but a move to a Premier League side appears only a matter of time for the academy graduate.