Leicester City boss Craig Shakespeare confirmed on Friday that the club had turned down an offer from Italian side AS Roma for winger Riyad Mahrez.

The Paris-born Algeria forward is likely to command a fee of around £50 million ($65 million, 55.8 million euros), with Roma's offer believed to be some way short of that figure.

"The bid was politely declined because it was a low offer," said Shakespeare.

"I don't know what it was and I don't get involved."

Mahrez, who indicated that he wanted to leave the club at the end of last season, was a key figure for the Foxes on their remarkable run to the Premier League title in the 2015/16 season, scoring 17 goals and making 10 assists, which earned him the PFA Player of the Year award for 2016.

Despite not being as prolific last season, the 26-year-old still chipped in with 10 goals in 48 appearances as Leicester secured a 12th-placed finish and a Champions League quarter-final spot.

Mahrez joined the East Midlands outfit from French side Le Havre in 2014.