Leicester sign Man City striker Iheanacho

Leicester City have completed the signing of Manchester City striker Kelechi Iheanacho for a reported fee of STG25 million pounds ($A41 million).

The 20-year-old Nigerian, who scored 21 goals in 64 appearances for Manchester City, signed a five-year contract.

"It feels good and I'm happy to be part of this team," the striker told Leicester's website.

"I know the ambition of the team and speaking with the manager, he let me know what I need to do - to help the team achieve what they want. I was convinced and I'm happy to be here."

Leicester manager Craig Shakespeare said Iheanacho was an "enormously talented player."

"We've tracked his progress for some time, so we know how much quality he'll bring to the squad.

"He's young, he's hungry, he's ready for the next stage of his development and I'm delighted that will be with Leicester City."