Watford have announced the signing of Italy international Marco Motta, subject to international clearance.
Mark Noble has signed a new deal with West Ham which will keep him at the club until the summer of 2020.
Reports emanating from the Midlands claim Leicester have offered £10 million, rising to £12 million, for Deeney
However, contrary to reports, Sky Sports has learnt that Leicester have only tabled one bid of £6.5m which was rejected by Watford.
Deeney has been the subject of bids from a host of clubs this summer, with Queens Park Rangers and Burnley seeing offers rebuffed for the prolific striker.
Hull City are also thought to have registered their interest in Deeney as they look to bring in a replacement for Shane Long.
Sky Sports understands Deeney is growing increasingly frustrated with Watford's stance over his future, feeling they are pricing him out a move.
Deeney is upset with the club's director of football Gianluca Nani for so far blocking any move, feeling he had an agreement to move on for a sensible price after agreeing to stay on for another season after losing in the play-off final to Crystal Palace in the 2012/13 season.
The striker, who joined Watford from Walsall in 2010 for a bargain £500,000 fee, feels a profit of over £6million for his signature would be sufficient recompense for his service to the club.
Deeney is keen to have his future resolved in the next few days or he might be forced to hand in a transfer request.