Leicester City have suffered a major setback after Esteban Cambiasso revealed that he will not be extending his stay at the club, according to reports from the Daily Star.
The 34-year-old joined from Serie A giants Inter Milan the previous summer on a one-year deal, but has decided to keep his options open in regards to his future following the end of his contract.
He was offered a new deal about 24 hours ago, but has confirmed that he already rejected the offer and has informed his side over his decision to do so.
“I would like to announce that I have decided not to renew my contract with Leicester City,” he said.
“I have taken this decision only 24 hours after receiving the proposal from Leicester because I want to give the club as much time as possible to find an alternative.”
New Foxes boss Claudio Ranieri admitted that he needed an exact answer from Cambiasso in order to plan for the upcoming campaign, hence his swift decision.
The midfielder was one of the standout performers for his side last season, being named Player of the Year for his club while making 33 appearances in all competitions and scoring five goals.
Ranieri was very keen to ensure the stay of the Argentinean, but his latest revelation will now mean that the Italian manager will have to begin a search for his potential replacement.