Agree with nearly all that except the bit about "overvaluing" - a player is only worth what anyone will pay. VVD wasn't "overvalued", he was valued at 75m by Liverpool. I think Leicester hold the cards here, Mahrez may well have handed a request in, as did Coutinho at beginning of season, but if this doesn't go through, he'll soon be back in 1st team, putting a shift in.
Why would Leicester sell? He's one of, if not their very best player, someone who could help them win the cup, fight for top six. We have no divine right to buy anyone. All talk of a Leicester refusal hindering his progress is Billy Big Time bollocks and should rightly be frowned upon. Leicester have every right to tell us "no".