After a day or two to reflect on the dashed hope of an early signing of this guy, I reckon we should pursue him.
He's a logical target for us—a good quality, relatively affordable addition who would be another piece of the puzzle. Giroud, Walcott and Welbeck aren't lethal enough for what we can produce creatively.
The targets from other leagues would be problematic or unattainable. I don't think we really want to pay Zlatan's wages or watch him fall out with the likes of Sánchez, and Morata is pricy, and with his lack of experience in England, arguably better suited to the rebuilding project in progress at Chelsea. To me, the other Premier League options are overpriced, injury prone or underwhelming.
You can take the fact we haven't pinned him down with a grain of salt. There was no pressing motivation for him to sort out his future in June. We're a logical destination for Vardy, and I think we should be taking the deal a bit further along the line to see if we can close it.
And I don't think I'd want Mahrez over Vardy.