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Managerless Leicester Told to Stump Up £2.5m to Prize Sean Dyche Away From Burnley

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Leicester City would have to pay a hefty compensation fee if they want Sean Dyche to become their new manager.

The Foxes sacked Craig Shakespeare on Tuesday after a poor run of results, and are currently on the lookout for a new manager to take them forwards.

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A number of names have been mentioned for the job, including Clarets boss Dyche, who has guided his side to the dizzy heights of seventh in the Premier League table - one place above giants Liverpool.

His stock has risen high during his time in the hotseat at Turf Moor, and Leicester have supposedly identified him as a possible replacement for Shakespeare, but face forking out £2.5m to release him from his contract, as reported by the Mail.

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That is because Dyche put pen to paper on a new deal in secret at the end of last season as a reward for keeping the club up.

The Mail claim that Dyche is interested in at least discussing the opportunity though - the 46-year-old supposedly divides his time between Lancashire and Northampton so geographically it makes sense.

The Foxes' hierarchy would also be able to hand him a significantly bigger transfer budget than he would get at Burnley, so the temptation could well be there.

Other names being talked about as Shakespeare's successor include Huddersfield boss David Wagner, Wales national team manager Chris Coleman, and the unattached Sam Allardyce.