Leicester City have agreed a deal to sign Conor Coady, with the defender set for a medical today.

The Foxes will pay an initial £7.5 million fee for Coady with a further £1m if they are promoted back to the Premier League, according to the Daily Mail.

The 30-year-old spent last season on loan at Everton, making 24 appearances in the top flight as they narrowly avoided joining Leicester in the relegation zone.

Everton FC v AFC Bournemouth - Premier League
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The Toffees were expected to take up the option to buy Coady for £4.5m and it came as a surprise to fans when they turned down the opportunity and he swiftly returned to Wolves.

However, it is less than a month later and the centre-back is now set for a permanent switch that will set Leicester back double what Everton could have paid for him.

Enzo Maresca’s side already look hot favourites to secure a quick return to the Premier League as they near deals for Harry Winks and Joel Piroe, meaning it looks extremely likely that they will have to cough up the extra £1m next summer.

Leicester City are overpaying for Conor Coady

There was a few complaints when Everton didn’t pay the £4.5m to keep Conor Coady at Goodison Park and rightly so.

However, one thing they will definitely be glad of is that they weren’t paying almost double the fee like Leicester are.

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Coady is a very good defender and a brilliant character in the dressing room, however to value him at such a hefty price when he has passed his 30th birthday seems like a major misjudgement.

Granted he will help them get promoted, but to roll over and pay almost £10m for Coady may be a bad move.

However, a switch to the King Power Stadium certainly seems to fit Coady better if he is targeting regular first team football.

While the defender clearly enjoyed being at home on Merseyside, it is unlikely he would have started under Sean Dyche after he was dropped for the final 13 matches of the season.

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