Jamie Vardy insists 'the party isn't over' as striker agrees new one-year contract with Leicester with the 37-year-old eager to make an impact in the Premier League again after the Foxes' promotion

Jamie Vardy has agreed a one-year deal with Leicester that will extend his stay with the club beyond his 38th birthday.

Mail Sport revealed on April 30 that Vardy had held talks with the Foxes over a new contract and the agreement has now been reached to ensure the 37-year-old has another crack at the Premier League.

Vardy scored 20 goals to help Leicester make an immediate return from the Championship last season and his story with the club is one of the most memorable in the history of the modern game.

Vardy played non-league football until his mid-twenties but after joining Leicester from Fleetwood Town, he developed into one of the best strikers in the country, winning the Premier League Golden Boot in 2020 and playing for England in a World Cup semi-final two years earlier.

When Vardy lifted the FA Cup in 2021, he was the first player to have competed in every round of the competition, from the first qualifying stage to the showpiece at Wembley.

The deal is, however, subject to Premier League approval. Leicester face a possible points deduction next season for breaking spending rules and it is thought they must sell players this month in order to make sure they comply with profitability and sustainability regulations for the 2021-24 accounting period.

The League charged Leicester in March over an alleged breach although they avoided a points deduction last season as they were not competing in the top flight.

In April the club announced staggering losses of nearly £90million and even though the departure some high earners like Kelechi Iheanacho will ease the pressure on wages, they may need to sell homegrown star Kiernan Dewsbury-Hall.

The midfielder has attracted interest from Brighton and any transfer fee would count as pure profit under PSR rules.