Jamie Vardy has agreed a new four-year contract with Leicester City, rejecting a move to Arsenal in the process.
"Leicester City have today (Thursday) agreed with the representatives of Jamie Vardy to extend the England international's contract with the Premier League champions for a further four years," a club statement said.
"Both parties hope this announcement will end recent speculation regarding Jamie's future.
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"Jamie will continue to focus all of his efforts on trying to achieve success with the England team at the European Championships in France.
"There will be no further comment from either the club or the player on this matter until the conclusion of the tournament."
The news will disappoint Arsenal manager Arsene Wenger, who had hoped to lure the 29-year-old striker to the Emirates after activating his £20million release clause.
However, Vardy had suggested he was considering staying after refusing to contact Wenger before leaving for France with England's national squad. He reportedly told the Gunners he was considering his options after Leicester made him a counter offer.
Reports suggested Arsenal fans would have to wait until England's involvement in Euro 2016 was over before they discovered his final decision but it has been made.
Needless to say, Twitter has exploded with a furore of activity with Vardy doing his best to brush aside talk of the EU referendum.
Take a look at some of the best reaction below:
And even some Tottenham and Manchester United fans have decided to have a poke at their bitter rivals with some saying they deserve to miss out on Vardy after celebrating St Totteringham's Day so emphatically.
Did Jamie Vardy make the right choice in rejecting Arsenal? Are Arsenal better off with Jamie Vardy? Give us your thoughts in the comment box below!