Gylfi Sigurdsson has become one of the most talked-about transfer stories in England as Leicester City and Everton step up their efforts to sign the Icelandic playmaker.

The 27-year-old Sigurdsson bagged nine goals and recorded 13 assists, thus making a huge part in steering the Welsh club away from relegation last campaign.

Everton have harboured a long-term desire to land the Iceland international, but Leicester City have also joined the chase for his signature.

Sigurdsson still has three years remaining in his contract with the Swans and was quoted telling the British media in May that he ‘was not trying to leave Swansea’. Gylfi Sigurdsson signed a contract extension last year which made him the highest paid Swansea player.

He is settled and happy to stay at Liberty Stadium, but the Premier League rivals are testing bot Sigurdsson and Swansea’s resolve with a tempting offer in excess of £35 million. The Foxes, on the other hand, are attempting to outbid the Toffees and have reportedly lodged in a £40 million offer which got rejected by Swansea.

BBC reports that Swansea are demanding at least £50 million for their key man who scored 30 goals for the club since re-joining them in 2014 after an underwhelming two-year stint at Tottenham Hotspur.

Everton are believed to be still involved in the race for Sigurdsson despite investing a significant amount of money on new signings. But with Belgium striker Romelu Lukaku now set to join Manchester United for an initial £75 million fee, the Merseyside club could still have enough change in their pocket to see the Sigurdsson move through.

The Toffes remain the bookies’ favourites to land Gylfi Sigurdsson at paltry 1.25 (1/4) price, whereas Liecester City stand at 7.00 (6/1) betting odds to land the Icelandic playmaker.