Leicester City's owners have written off £194million of debt that they had loaned to the club in a move that could potentially see the Foxes return in the summer with a lucrative financial package for Leeds United's Jack Harrison.
The Foxes reportedly had a £20million bid for Harrison rejected earlier in the window and were pushing to sign the attacking midfielder right up until the deadline on Tuesday. With just 18 months left on his contract, Leeds know that they have a decision to make regarding the former New York City man's future at the club.
Harrison's wonder-strike against Accrington Stanley in the fourth round of the FA Cup would have reminded the Whites what he has to offer - and supporters will be hoping for more moments of magic like that as they look to avoid being dragged into a relegation scrap at the end of the season.
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The 26-year-old will be a Leeds player until the summer for certain - yet Leicester's financial situation behind the scenes could see them positioning themselves for a return to sign Harrison, knowing that he will be entering the final year of his contract at Elland Road.
Leicester's owners have, in essence, written off £194m that they had loaned to the football club and told the Foxes that they do not need to pay that money back to them.
Although Brendan Rodgers does not suddenly have £200m at his disposal to spend on players, it does mean that the club are no longer paying interest on the debt owed, helping with both cash-flow and their Financial Fair Play situation.
Therefore even if this is not a sudden cash-injection, it will still give the Foxes a boost in their pursuit of Harrison as they can now invest the money that would have been allocated for their debt interest payments into any potential deal.
Even a three per cent saving on £194m would free up nearly £6m for Leicester, which could tip the balance in their favour come the summer.
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